The price drop today led to a loss of market value for the Tesla share of around $ 150 billion. That is the biggest fall in the share in the history of the car manufacturer.
Musk, until recently adviser to the US president, turned in a series of tweets on X on Thursday against the tax plans.
Great Clash between Trump and Musk: ‘SpaceX stops spacecraft that people take to and from ISS’
Trump wants to put an end to federal subsidies up to $ 7500 per electric car, seven years earlier than planned. According to analysts from JPMorgan, that Tesla would cost around $ 1.2 billion in profit annually.
‘Disgusting monster’
Musk calls the plans a ‘disgusting monster’ and seeks support from Republican leaders to get the proposal off the table.
Tech millionaires are silent, other Trump sponsors denounce Trade War: ‘stand for economic nuclear winter’
Trump now says he is “very disappointed” in Musk. Musk, in turn, accuses Trump on X of ‘thanklessness’ despite the earlier cordial cooperation that was characterized as ‘bromance’. “Without me Trump would have lost the elections,” emphasizes Musk.
Neburs reports the billionaire Musk that his company SpaceX immediately stops sending loads through his Dragon devices to the American space station ISS.