From Nasdaq: 2025-06-05 20:01:00

Tesla shares plummeted 14% as Elon Musk’s feud with President Trump escalates. Musk’s criticism of the administration’s budget bill following his government role has led to a decline in Tesla’s sales and disrupted public sentiment, potentially benefiting competitors like GM and Ford.

Despite Musk’s exit from his government role, Tesla faces challenges with declining sales and increased competition in Europe. Trump’s budget bill threatens to eliminate tax credits for EVs, impacting Tesla’s cost-cutting efforts. Technical analysis shows TSLA falling below key moving averages, indicating a downtrend in the stock.

With EPS estimates dropping and Tesla’s inclusion on the Zacks Short Sale List, the outlook for the company remains uncertain. Musk’s ongoing dispute with Trump could lead to further regulatory challenges for Tesla, potentially impacting the broader market. Tesla’s stock falls as the feud between Musk and Trump continues, dragging down the Nasdaq.

Experts identify 7 top stocks for potential price gains, including Tesla. These hand-picked stocks have a history of outperforming the market, with an average gain of 23.5% per year since 1988. Investors are advised to pay attention to these elite stock picks for potential early price pops.



Read more at Nasdaq: Tesla Stock Falls Amid Musk Vs Trump Feud