• About
  • Advertise
  • Careers
  • Contact Us
Friday, June 27, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Home Business Mobility

Tesla Shares Rise Slightly After Political Clash, But Risks Remain

by Joan Aimuengheuwa
June 6, 2025
in Mobility
0
Tesla Shares Rise Slightly After Political Clash, But Risks Remain
Elon Musk

Elon Musk

UBA
Advertisements

Tesla shares partially recovered on Friday after a dramatic 14% plunge the day before, but the stocks are still under pressure from political conflict and market issues. 

The previous day’s $150 billion loss in market value was triggered not by Tesla’s business fundamentals, but by a public disagreement between CEO Elon Musk and U.S. President Donald Trump. 

While the shares bounced back around 5% in Frankfurt trading, Tesla’s sustainability is now being questioned.

The clash erupted over Trump’s budget proposal, which threatens to cut electric vehicle subsidies and federal contracts that Tesla relies on. Musk’s outspoken objection to the administration provoked a rare and public counterattack from Trump, who professed to end government support for Musk’s ventures. 

White House officials reportedly arranged a call with Musk to ease tensions, but analysts caution this may only be a temporary solution. 

Fiona Cincotta, senior market analyst at City Index, said, “It’s unlikely that Trump will end subsidies and contracts with Tesla. Those are obviously threats that are unlikely to come into fruition. I don’t expect this to blow out into anything more serious than a war of words for a couple of days.” Still, there are uncertainties.

Beyond the political noise, Tesla faces practical challenges. Its market share in China and Europe is slipping, and the upcoming launch of its Robotaxi in Austin has raised doubts among investors. 

Garrett Nelson, senior equity analyst at CFRA Research, noted, “We think the stock’s sell-off reflects a number of other factors: an unjustified run-up following its Q1 earnings release, ongoing market share losses in China and Europe, and a realization that next week’s Robotaxi launch in Austin could disappoint. We remain at Hold, expecting more volatility in the near term. Buckle up!”

Tesla’s valuation has been hit hard. Despite still being among Wall Street’s biggest companies, the stock has dropped from the elite $1 trillion club to ninth place by market value, trailing firms like Berkshire Hathaway and Broadcom. Elon Musk’s personal wealth also shrank, losing $27 billion in one day.

Loading

Advertisements
MTN ADS

0Shares
Tags: electric vehicle subsidiesElon MuskElon Musk Trump clashTESLATesla EV incentivesTesla market value dropTesla political riskTesla regulatory issuesTesla Robotaxi launchTesla self-drivingTesla shares updateTesla stock recovery
Joan Aimuengheuwa

Joan Aimuengheuwa

Joan thrives at helping individuals and businesses scale via storytelling...

Next Post
Pressdia, Pressdia.com

Pressdia: The Easiest Way to Distribute News in Nigeria and Reach Millions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

Aggital Works Unveils Ushoppen

Aggital Works Unveils Ushoppen, a No Code eCommerce Builder

1 year ago

Powers Change Hands at Jumia, New Board, Acting CEO Appointed

3 years ago

Popular News

    Connect with us

    • About
    • Advertise
    • Careers
    • Contact Us

    © 2025 TECHECONOMY.

    No Result
    View All Result
    • News
    • Tech
      • DisruptiveTECH
      • ConsumerTech
      • How To
      • TechTAINMENT
    • Business
      • Telecoms
      • Mobility
      • Environment
      • Travel
      • StartUPs
        • Chidiverse
      • TE Insights
      • Security
    • Partners
    • Economy
      • Finance
      • Fintech
      • Digital Assets
      • Personal Finance
      • Insurance
    • Features
      • IndustryINFLUENCERS
      • Guest Writer
      • EventDIARY
      • Editorial
      • Appointment
    • TECHECONOMY TV
    • Apply
    • TBS
    • BusinesSENSE For SMEs

    © 2025 TECHECONOMY.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Translate »
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.