Tesla's stock has experienced a notable downturn following CEO Elon Musk's public criticism of President Donald Trump's economic policies. The decline began around May 27th, coinciding with Musk's outspoken disapproval of Trump's proposed spending bill. Since then, Tesla shares have dropped by 16%. This adds to an overall decline of roughly 33% since Inauguration Day.
Analysts are attributing the stock's performance, at least in part, to the uncertainty generated by the public disagreement between Musk and Trump. The potential impact of government policies on Tesla's operations and the broader electric vehicle market is a key concern for investors. The situation highlights the complex interplay between corporate leadership, political discourse, and market sentiment. Market watchers are keen to see if the company can recover from the recent decline and how the relationship between Musk and the government might develop.
Tesla Stock Drops Amid Musk-Trump Criticism
Tesla's stock price has declined significantly since Elon Musk publicly criticized President Donald Trump's spending bill. Shares have fallen 16% since May 27th, when the criticism began. Overall, Tesla's stock is down approximately 33% since Inauguration Day. Investors are watching closely to see how this public disagreement impacts the company's performance.
Source: Read the original article at NBC