Elon Musk's public feud with President Donald Trump, including Musk's criticisms and Trump's retaliatory remarks, is raising concerns among investors about its impact on Musk's businesses like Tesla, SpaceX, and X. Tesla shares initially fell significantly but rebounded slightly. Analysts and investors question Musk's focus and the long-term viability of Tesla's autonomous driving ambitions, especially given existing grassroots campaigns against the company. The article also discusses the potential for Trump to cut government contracts with Musk's companies, though SpaceX's entrenched role in US space apparatus might make this difficult.
Will Musk's explosive row with Trump help or harm his businesses?
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TL;DR: Key points with love ❤️Elon Musk's public feud with President Donald Trump, including Musk's criticisms and Trump's retaliatory remarks, is raising concerns among investors about its impact on Musk's businesses like Tesla, SpaceX, and X. Tesla shares initially fell significantly but rebounded slightly. Analysts and investors question Musk's focus and the long-term viability of Tesla's autonomous driving ambitions, especially given existing grassroots campaigns against the company. The article also discusses the potential for Trump to cut government contracts with Musk's companies, though SpaceX's entrenched role in US space apparatus might make this difficult.
Trending- 1 Recently: Elon Musk announced he was stepping back from politics.
- 2 Early this week: Kara Swisher commented at San Francisco Media Summit.
- 3 Last week: Musk posted to X about Model Y testing.
- 4 Thursday: Tesla shares fell 14%.
- 5 Friday: Tesla shares rebounded a little; Trump made menacing comments about cutting Musk's government contracts.
- 6 This month: Musk is supposed to be overseeing Tesla's launch of autonomous robo-taxis in Austin.
- 7 April: Tesla reported a 20% drop in car sales for the first three months of the year.
- 8 February: Linda Koistinen protested outside a Berkeley, California Tesla dealership.
- Volatility in Tesla's stock
- Investor concern
- Potential for government contract cuts for SpaceX and Starlink
- Questions about Musk's focus and leadership
- Ongoing public scrutiny and protests against Tesla
What: The public dispute between Elon Musk and Donald Trump is causing concern among investors and analysts regarding its potential negative impact on Musk's businesses (Tesla, SpaceX, X), particularly due to stock fluctuations and the possibility of government contract cuts.
When: Recently (Musk announced stepping back from politics), Thursday (Tesla shares fell 14%), Friday (Tesla shares rebounded, Trump's comments), Early this week (Kara Swisher's comments), This month (Musk supposed to oversee Tesla's Austin launch), Last week (Musk posted about Model Y testing), February (Berkeley Tesla dealership protest), More than two decades ago (Bill Gates' image).
Where: San Francisco, Austin (Texas), Berkeley (California), Silicon Valley.
Why: Musk's public political engagement and his direct conflict with President Trump are seen as distractions from his business responsibilities and could lead to financial repercussions, including potential government boycotts or contract cancellations.
How: Through public statements, social media posts (X), and the resulting market reactions (Tesla share price fluctuations).