Elon Musk and Donald Trump recently engaged in a public feud that led to a temporary drop in Tesla's stock value, which fell by 14%, erasing approximately $138 billion from market capitalization. Following the backlash from Trump regarding a spending bill affecting EV tax credits, both sides exchanged threats. Despite these developments, analysts believe the feud won't significantly impact Tesla's long-term business operations, including future projects like robotaxis. They note that the current political climate around EV incentives is more detrimental to all EV manufacturers than the Musk-Trump rivalry itself.
Musk's and Trump's relationship has an impact on the stock and maybe investor sentiment, but as far as the actual business impact for Tesla, I never thought Trump getting elected was positive or that negative for Tesla.
This storm will pass. While it may not be helpful to no longer be in Trump's good graces, the president has already made clear that he would cut EV subsidies.
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