Does the president deprive the support?
Musk’s dispute with Trump: Tesla shares break in
01.07.2025 – 9:01 p.m.Reading time: 2 min.
US President Donald Trump and billionaire Elon Musk are fighting again. This has negative consequences for his company.
Because the dispute between US President Donald Trump and Tech billionaire Elon Musk has increased significantly in terms of sharpness, Tesla shares have lost value. Trump threatened to have government subsidies checked for the electric car manufacturer and other musk companies. He responded to Musk’s new criticism of his new tax and expenditure law. “Elon may get more subsidies than any other person in history, by far.” Without this support, Musk would have to “close his shop” and return to South Africa, Trump wrote on his online platform Truth Social.
Tesla shares broke up by 7.7 percent in the top, but dismantled some of the losses in the course of trade. Tesla also reported a decline in sales in Sweden and Denmark in June in a row. According to the introduction of the renewed version of his Model Y in some European countries, the new registrations in Spain and Norway, on the other hand, were again increasing in June.
After the recent record hunt, the US investor’s mood has cooled down in general. The reluctance of US Federal Reserve chief Jerome Powell pressed the mood for interest in interest rates and the tax reduction and expenditure law of US President Donald Trump. After the record stand on Monday, the S&P 500 and Nasdaq gave in on Tuesday. The broad S&P 500 temporarily lost 0.4 percent to 6178 points, the index of the Nasdaq technology agency lost up to 1.3 percent to 20,105 points. In contrast, the leading index Dow Jones was able to settle and take course on his all -time high achieved in December. At the top, the Dow-Jones index rose 1.2 percent to 44,604 points.
Powell confirmed at the Central Bank forum of the ECB in Sintra in Portuguese that he could not say whether it was too early to consider an interest in July. The decision will depend on the economic data. However, it is generally important to wait and gain more knowledge about the consequences of US customs policy on inflation. US President Trump has sharply criticized Powell several times for his cautious course and repeatedly pushed him into interest reductions.
Börsians were eagerly awaited for further trade agreements. US Finance Minister Scott Bessent warned that despite the negotiations in good faith, the federal states could be drastically imposed on duties because the deadline for July 9th. The uncertainty in the customs dispute had previously had the DAX slipped by one percent. The tone in the trade dispute has also worsened between the USA and Japan. The government in Tokyo emphasized that it would not sacrifice the Japanese agricultural sector after Trump complained that Japan was not importing enough American rice.
