After Donald Trump's election, investors poured immense money into Tesla stock, but a recent spat between Trump and Elon Musk triggered a staggering 14% drop in shares. More than $150 billion was wiped out as the president threatened to cut federal subsidies supporting Musk's ventures. With Tesla's future resting on autonomous vehicle technology, market anxiety grew that Trump’s regulatory actions could hinder progress. Analysts expressed concern that increasing scrutiny might delay the rollout of Tesla's much-anticipated robotaxi service planned for next year, complicating Tesla's already challenging business landscape.
The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon's Governmental Subsidies and Contracts. I was always surprised that Biden didn't do it!
If you start to heighten the regulatory environment, that could delay that path.
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