Donald Trump has threaten to take away EV subsidies after Elon Musk went berserk and wanted to start a new political party (The America Party) due to the Big Beautiful Tax Cut Bill. Consequently, Tesla dipped close to 6% during early trading. Analysts have mentioned that up to 40% of Tesla’s profit may be at stake if the regulatory ground shift under Donald Trump. Donald Trump has once again proved himself to be the King of Mayhem if he succeed in throwing the wrecking ball at Tesla and other Musk’s businesses.
So why did Elon Musk supported Donald Trump with so much political donation in the first place? Haiz…..what a mess for the stock market.
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