Tesla (TSLA), the electric vehicle and clean energy company, has experienced a turbulent time as its stock plunged amid a public feud between CEO Elon Musk and President Trump. The spat revolved around disagreements mainly related to Trump’s budget bill. This resulted in major short-selling of Tesla's shares that saw short-sellers rake in $4 billion as retail traders scooped up Tesla stock following the precipitous dip. The feud between Trump and Musk has considerably impacted investor sentiment, contributing to a precipitous 14% drop in Tesla's stock prices. A prominent impact of this confrontation and its consequent media coverage has been the leakage of a recording suggesting low morale among Tesla employees. Tesla has also reportedly lost the head of its Optimus robot program, potentially impacting their AI ambitions. Amid these rather tumultuous developments, Wood's Ark trimmed Tesla holdings and sold nearly 50,000 shares, generating some speculation about the launch of its Robotaxi service. Though the company plans a full in-house battery push, leading to its planned exit from China, its sales continue to crash in Europe despite a sales rebound in Australia.
Tesla TSLA News Analytics from Mon, 19 May 2025 07:00:00 GMT to Sat, 07 Jun 2025 20:39:21 GMT -
Rating -8
- Innovation 3
- Information -4
- Rumor -6
