BTCC / BTCC Square / tipranks /
Trump Eyes Ditching His Tesla—Another High-Profile EV Exit?

Trump Eyes Ditching His Tesla—Another High-Profile EV Exit?

Author:
tipranks
Published:
2025-06-06 22:16:11
14
1

Elon's stock just took a hit—turns out even political lightning rods get range anxiety.

Another billionaire flipping assets like a meme trader. Maybe he'll short TSLA next to 'diversify' his losses.

Confident Investing Starts Here:

  • Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
  • Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter

On Thursday, Musk claimed that Trump WOULD have lost the election without him, saying that the president displayed “ingratitude.” He previously characterized Trump’s tax and spending bill as a “disgusting abomination.”

Trump is “Not Interested” in a Call with Musk

In response, Trump quipped back that Musk was upset about the removal of electric vehicle credits in the bill, adding that Tesla (TSLA) was having difficulty selling its vehicles. He took a step further by saying that the government would save billions if it cancelled government subsidies and contracts provided to Musk’s companies.

Yesterday, Politico reported that Trump and Musk would hold a phone call to discuss their ongoing feud. Now, it appears that the call won’t happen, as a WHITE House senior official has said that Trump is “not interested” in speaking with Musk.

Despite the drama, TSLA stock is up by over 5% after plunging by 14.26% yesterday.

|Square

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users