Musk, Tesla and Trump
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Shares of Elon Musk’s electric vehicle maker are falling sharply Thursday as investors fear his dispute with Donald Trump could end up hurting the company.
A day after his public spat with Elon Musk, the White House signaled that President Donald Trump may be looking to unload his luxury EV.
Retail investors seem to have spotted an opportunity in the sudden feud between U.S. President Donald Trump and his former ally, Tesla CEO Elon Musk, scooping up shares of the electric car maker as they tumbled on the acrimonious standoff.
1don MSN
Elon Musk has alienated “multiple sides of the political spectrum” from Tesla, according to one prominent Wall Street analyst.
Milan Kovac said he was leaving to spend more time with family abroad and that his exit "has absolutely nothing to do with anything else," calling support for CEO Elon Musk "ironclad."
A White House official told multiple media outlets Friday that President Donald Trump plans to sell ― or in a distinctly non-Trump move, give away ― the Tesla he bought in March, back when his bromance with the Tesla CEO was in full bloom.
Trump threatens to cut off Elon Musk's federal subsidies. That could cost Tesla and SpaceX billions.
"The easiest way to save money in our Budget … is to terminate Elon's Governmental Subsidies and Contracts," Trump said in a post.
The activists behind the Tesla Takedown campaign say they intend to expand beyond protests at the company’s showrooms.