Tesla falls for six consecutive trading days... Impact of Musk-Trump conflict

Tesla's shares have fallen for six consecutive trading days, mainly due to the Elon Musk and President Donald Trump dispute.

On the 1st at the NYSE, Tesla's stock closed down 5.34% at $300.71, continuing the slide since the 23rd of last month.

Tesla's shares, which hit $295.14 on the 6th of last month, have dipped again, lowering the market cap below $1 trillion to $968.6 billion.

The stock decline stems from friction between Musk and Trump. Musk criticized Trump's legislative bill, including the repeal of green policies and large tax cuts, as a "mindless spending bill."

In retaliation, Trump suggested on 'Truth Social' that subsidies for Musk's companies might be cut, hinting at potential contract reductions by saying, "We might need DOGE to manage Elon."

Musk, who led cuts and restructuring as head of DOGE during Trump's second term, criticized Trump’s policies after his public service ended.

Experts warn that if Musk-Trump tensions escalate to subsidy cuts or contract reviews, Tesla's growth and profits could suffer.