Tesla shares, the company owned by Elon Musk, dropped on Thursday, June 5, by 14%, in the context in which the billionaire had a conflict with President Donald Trump.
Elon Musk, Executive Director of Tesla/Photo: Profimedia
The price was already declining in the first week of June, after having increased in May, when Musk said he would pay more time and attention to the electric vehicle manufacturer, writes the BBC.
Tesla has lost $ 1 trillion evaluation and is currently worth $ 916 billion, according to CNBC.
However, the price of shares, of $ 278.40 per share, is significantly higher than a year ago, when it was $ 178.
A heated public dispute between Musk and Trump took place on Thursday, in connection with the massive tax and reduction project. Recently, Musk vehemently criticized what Trump calls “his great and beautiful draft law”, which was adopted by the Chamber and is facing uncertain fate in the Senate.
“The simplest way to save money in our budget, which amounts to billions of dollars, is to conclude the government subsidies and contracts. It has always surprised me that Biden has not done so!”Trump wrote.
Then he came back with a harsh statement: “Elon was getting harder to bear, so I asked him to leave. I withdrew his mandate about electric vehicles, which required everyone to buy electric cars that no one wanted (he knew for months that I would make this decision!). His reaction was extremely aggressive! ”
As a reply, Musk announced that “Spacex will start immediately to remove the Dragon Space capsule, ” wrote Musk.
According to Spacex, the Dragon spatial capsule is considered crucial for freight and people to the international space station. A Dragon of Spacex capsule helped to return the two NASA astronauts stuck on the international space station for nine months due to problems with a Boeing vehicle.
Last month, Musk said his mandate in the Trump administration “came to the end” as a leader of Doge. The allies of Musk's Congress insisted at that time that his departure had nothing to do with the future of the agency.
