Tesla Stock Price Sinks As Trump Highlights Musk Government Subsidies
President Donald Trump and Elon Musk are still feuding, much to the chagrin of Tesla investors.
Tesla stock dropped 6% early on Tuesday as traders digested a new Truth Social post from Trump, which highlighted how much assistance Musk has gotten from the US government. The president also suggested having DOGE look into cancelling contracts with Musk’s business empire.
“Elon may get most subsidy than any human being in history, by fair, and without subsidies, Elon would probably have to close up shop and head back home to South Africa,” Trump wrote, referring to Musk’s birth nation.
The post also coincided with recent selling pressure after Tesla sales saw a 45% year-over-year decline in the EU.
A Washington…
