American The deep friendship between President Donald Trump and the world’s wealthiest Ilon Musk now seems to be slowly ending. Donald Trump on Thursday threatened to abolish the government contracts for Musk’s companies. On the other hand, now Musk has started counting Trump to his favor. Musk said that Donald Trump could not become President of America without him. Tesla’s shares declined a huge decline on Thursday amid this tension between Trump and Musk. This decline has a direct impact on Tesla’s market cap as well as Musk’s net worth.
How much decline in Tesla’s market cap has declined
Tesla’s shares on the US stock market exchange NASDAQ closed at $ 284.70 with a steep fall of 14.26% ($ 47.35). This terrible decline caused a $ 152 billion dollars in the market cap of the electric car manufacturing company, after which the company’s market cap slipped from a magic figure of $ 1 trillion to $ 916 billion. It is being told that the market cap of the company is the biggest disadvantage ever.
What did Trump say about relationship with Musk
Donald Trump and Ellon Musk, once very special to each other, are now openly opposing each other. Trump wrote on Truth Social, “I withdrew his EV mandate, under which everyone was forced to buy electric cars, while not everyone wants to buy an electric car.” Talking at the Oval Office on Thursday, Trump said that Musk was upset that the EV Credit has not been included in the bill. The President said, “Musk and me had very good relations. I do not know whether there will be good relations between us or not. “
How Musk reacted to Trump’s statement
Jhalla Musk, with Donald Trump’s statements, wrote on X, “Without me, Trump would have lost the election, control the Democrats Sadan and 51-49 in the Republican Senate.” Musk, the world’s richest person, has threatened the MPs who have voted for the bill in recent times and have called the bill “disgusting abomination”, ie hateful hatred, which reflects a significant change in their comments about administration.
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