[Fri, 06 Jun 2025 20:14:07 +0300]

Washington – Saba:

Tesla shares fell more than 10 percent on Friday after escalating tensions between US President Donald Trump and CEO Elon Musk over the tax cut bill.

Musk recently resigned as an advisor to Trump and sharply criticized the tax cut bill on the congressional agenda, escalating tensions between the two sides, according to Anadolu Agency.

This escalation negatively impacted Tesla's shares, with its price falling more than 10 percent to $298.38.

Trump had previously expressed his deep disappointment with Musk's harsh statements against the tax cut bill on the congressional agenda, shortly after he left the White House.

Trump previously said, "I had a very good relationship with Elon, but I don't know if it still is. I'm very disappointed in him, even though I've been a big supporter of him. He hasn't said anything bad about me yet, but I'm sure he will soon."

Musk responded to Trump's remarks by saying, "Without me, Trump would have lost the election. The Democrats would have taken control of the House of Representatives, and the Republicans would have only a 51-49 majority in the Senate."

Facebook

Whatsapp

Telegram

Email

Print

more of (International)

Salah al-Din Brigades target Zionist enemy soldiers & vehicles in northern Gaza Ukrainian attack kills three civilians, injures 6 others in Kursk Russian Forces Strike Three Ukrainian Military Airports UNRWA: Children make up half of Gaza's population, and their lives are marked by "war and destruction" UNRWA: Ceasefire in Gaza Must Be Now Hamas leader: Netanyahu's statement reflects psychological defeat, not realities on ground Gaza Civil Defense Spokesman: Zionist enemy bombed al-Tuffah neighborhood with more than 20 bombs DFLP stresses necessity of Zionist enemy's withdrawal from all Gaza Strip fronts as part of ceasefire. Israeli army raids West Bank, arrests civilians HR report documents Israeli systematical torture against women