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Benzinga
75 days

Musk Vs. Trump: Tesla Suffers Record $152B One-Day Crash As CEO Warns Tariffs 'Will Cause A Recession'

1. TSLA dropped 14.3%, marking its largest market cap loss historically. 2. Elon Musk criticized Trump's spending bill, escalating their feud. 3. Musk's comments led to fears of losing government support for Tesla. 4. Tesla's stock has historically rebounded after significant losses. 5. Current trading range indicates a 24.9% decline year-to-date.

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FAQ

Why Bearish?

The feud with Trump may threaten Tesla’s subsidies and contracts. Historical price drops have shown bearish trends in similar circumstances, such as when impacts on government relations or executive controversies emerge.

How important is it?

The article discusses significant events affecting Tesla directly, especially Musk's disputes impacting investor perception and market stability.

Why Short Term?

The immediate concern is the ongoing feud impacting investor confidence. In the past, direct conflicts involving Musk affected stock prices in the following trading sessions.

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