1. Trump's support for Musk declines after public feud. 2. Tesla stock dropped 14%, losing $138 billion in valuation. 3. Resale values for used Model S cars are falling significantly. 4. Trump may sell his Model S amidst declining relations with Musk. 5. Shares recovered slightly but remain down 20% this year.
The public feud between Trump and Musk negatively impacted investor sentiment, causing a significant stock drop. Historical precedent shows that public controversies involving key executives tend to negatively affect stock prices.
The article highlights a significant political figure's relationship with Tesla's CEO, which directly affects investor confidence. Given Trump's influence and the timing of stock fluctuations, this news is highly relevant to TSLA investors.
Immediate negative sentiment from the feud is likely to influence stock prices quickly. If relations normalize, the impact could lessen; however, immediate reactions dominate in such scenarios.