AutoGear
  • Latest News
  • AutoGear TV
  • Sustainable Mobility
  • Motorsports
    • Circuits
    • Rally
    • Rally raid
    • WEC
  • English
    • Português
    • Italiano
    • Français
    • Español
    • English
    • Deutsch
    • 日本語
  • STANDINGS
No Result
View All Result
AutoGear
  • Latest News
  • AutoGear TV
  • Sustainable Mobility
  • Motorsports
    • Circuits
    • Rally
    • Rally raid
    • WEC
  • English
    • Português
    • Italiano
    • Français
    • Español
    • English
    • Deutsch
    • 日本語
  • STANDINGS
No Result
View All Result
AutoGear

Elon Musk ignites political firestorm, threatens new party amid Tesla’s $150B market plunge

Carl Harrison by Carl Harrison
June 6, 2025
in Latest News
Reading Time: 1 min read
0
Elon Musk ignites political firestorm, threatens new party amid Tesla’s $150B market plunge

FILE PHOTO: Elon Musk receives a golden key from U.S. President Donald Trump in the Oval Office at the White House in Washington, D.C., U.S., May 30, 2025. REUTERS/Nathan Howard/File Photo

Elon Musk’s dramatic fallout with President Donald Trump has ignited a political and financial firestorm, sending shockwaves through markets and reshaping alliances in Washington.

The rupture began when Musk, after stepping down from his role as head of the Department of Government Efficiency (DOGE), publicly denounced Trump’s “One Big Beautiful Bill” as a “disgusting abomination.” The bill proposes eliminating clean energy tax credits, including a $7,500 incentive for electric vehicles, which could cost Tesla up to $1.2 billion annually.

In retaliation, Trump threatened to revoke all government subsidies for Musk’s companies, leading to a 15% plunge in Tesla’s stock, erasing approximately $150 billion in market value. Musk responded by accusing Trump of being implicated in the Epstein files and suggested forming a new political party to represent centrist Americans.

This public feud marks a significant shift from their previous alliance, with Musk having been a major donor to Trump’s campaign and a key figure in his administration. The escalating conflict not only threatens Tesla’s financial stability but also signals a broader realignment in political affiliations and power structures within the U.S.

As the battle between these two titans unfolds, the implications for the automotive industry, clean energy initiatives, and the political landscape remain profound and far-reaching.

Share212Tweet133Send

Related Posts

Standard: Tesla Model 3 e Model Y mais baratos… mas só nos EUA
Latest News

“Chinese companies are boosting sales in Europe, and the Tesla Model Y returns to the top spot.”

The German consultancy specialized in automotive market analysis, DataForce, anticipates an 11% growth in new car sales in Europe in...

by Redação
October 27, 2025
O futuro da Inteligência Artificial no automóvel segundo a Hyundai
Latest News

The future of Artificial Intelligence in automobiles according to Hyundai.

The development of artificial intelligence (AI) and the application of technology to mobility were among the topics explored by Hyundai...

by Redação
October 27, 2025
Bentley Flying Spur: homenagem  em dose tripla
Latest News

Bentley Flying Spur: a tribute in triple dose.

Three new derivatives of the Flying Spur presented by Bentley, created to commemorate significant dates of several models that marked...

by Redação
October 24, 2025
Elixir da juventude? Alfa Romeo Giulia e Stelvio até 2027
Latest News

“Elixir of youth? Alfa Romeo Giulia and Stelvio until 2027”

The phase that Alfa Romeo is currently going through may not be the most stimulating, due to some fundamental changes...

by Redação
October 24, 2025

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent News

George Russell Unveils Game-Changing Mercedes Contract Clause to Outsmart Max Verstappen’s Threat!

George Russell Unveils Game-Changing Mercedes Contract Clause to Outsmart Max Verstappen’s Threat!

October 27, 2025
Max Verstappen Escapes Race Ban: A Game-Changer in His 2025 F1 Championship Quest!

Max Verstappen Escapes Race Ban: A Game-Changer in His 2025 F1 Championship Quest!

October 27, 2025
Chaos at F1 Mexico: George Russell Slams Mercedes for Costly Team Order Failure

Chaos at F1 Mexico: George Russell Slams Mercedes for Costly Team Order Failure

October 27, 2025
Ferrari’s Fred Vasseur Slams ‘Harsh’ Hamilton Penalty: Is F1 Justice in Crisis?

Ferrari’s Fred Vasseur Slams ‘Harsh’ Hamilton Penalty: Is F1 Justice in Crisis?

October 27, 2025

Newsletter

  • PRIVACY POLICY
  • TECHNICAL INFORMATION
  • EDITORIAL STATUS
  • TERMS AND CONDITIONS

© 2023 AutoGear - Todos os direitos reservados AutoGear.

No Result
View All Result
  • Latest News
  • AutoGear TV
  • Sustainable Mobility
  • Motorsports
    • Circuits
    • Rally
    • Rally raid
    • WEC
  • English
    • Português
    • Italiano
    • Français
    • Español
    • English
    • Deutsch
    • 日本語

© 2023 AutoGear - Todos os direitos reservados AutoGear.