Tesla's stock experienced a significant decline at the open of U.S. markets on July 1, 2025, following critical remarks from President Donald Trump about CEO Elon Musk.
Tesla's Stock Decline
Tesla's stock dropped by 7.3% at the market opening on July 1, 2025, marking the largest decline since June 5. The primary reason is the public tension between President Trump and Musk, focusing on EV subsidies that Musk's projects benefit from.
Impact on Tesla's Future
Immediate implications include investor apprehension regarding the stability of government contracts and tax credits linked to Tesla. Analysts suggest that without these subsidies, Tesla could face operational challenges in maintaining its production and growth forecasts.
Crypto Market Reaction
There have been no immediate impacts on the cryptocurrency markets. As of the last update, Bitcoin's price stands at $106,658.90, representing a market cap of $2.12 trillion and a 64.82% market dominance according to CoinMarketCap.
The decline in Tesla's stock has raised concerns among investors, and further changes in subsidies could significantly affect the company's market position.
