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TSLA
Forbes
49 days

Tesla Nosedives In Premarket As Trump Suggests DOGE Should Probe Subsidies For Musk's Firms

1. Tesla shares dropped over 5% amid Trump and Musk's renewed feud. 2. Trump suggested scrutinizing government subsidies benefiting Musk's companies. 3. Stock price fell below $300 briefly, settling around $301.10. 4. The feud has resulted in a 9.2% decline in Tesla's shares since last month. 5. Musk threatened to form a new political party in response to tensions.

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FAQ

Why Bearish?

Past political conflicts between Musk and Trump have negatively affected TSLA's stock. Historical context reveals similar patterns during political feuds leading to share price declines.

How important is it?

The article discusses key figures and political unrest affecting a major player in the EV market. Market perceptions can quickly shift with new developments in these tensions.

Why Short Term?

Stock reactions are typically immediate during political tensions, evidenced by the 5% drop. Volatility may continue until tensions subside or stabilize.

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