Elon Musk Unhappy with Trump Over EV Policy — Tesla Stock Woes

Summary:

Elon Musk is publicly at odds with Donald Trump after the GOP's “One Big Beautiful Bill” scrapped EV tax incentives, wiping out up to $180 billion from Tesla’s market cap and delivering a major blow to electric vehicle growth in the U.S.

Content:

In a dramatic twist in U.S. EV policy, Elon Musk has clashed with Donald Trump over the GOP’s “One Big Beautiful Bill,” which removes vital EV tax credits—a decision that erased $150–180 billion from Tesla’s market value

Musk lambasted the bill as a “disgusting abomination” and accused Trump of ingratitude—just as Tesla shares sank 14–16%, hitting their worst single-day performance in years

Adding to investor fears, Trump threatened to withdraw federal contracts from SpaceX and Starlink

The fallout shook markets: Tesla's stock dropped over 27% YTD, losing crucial EV incentives and investor trust, while being downgraded by Baird amid rising uncertainty

Wall Street reacted swiftly—$152B wiped out in one day, triggering a broader tech sector selloff

Why It Matters:

1. Massive market loss: EV stocks across the board plunged.

2. Policy uncertainty: Removing incentives could slow down EV adoption and robotaxi rollout

3. Political & economic risk: Tesla's future federal support is in jeopardy, affecting autonomous vehicles, solar, and space contracts 

⚠ Disclaimer: This video is from Haqeeqat TV. We do not confirm the accuracy of its claims. Viewers should verify the information from trusted sources before making any conclusions.

FAQs:

Q: Why did Tesla stock drop so steeply?
A: Investor panic over removal of EV tax credits, Trump’s threats to rescind federal contracts, and rising regulatory uncertainty .

Q: What is the One Big Beautiful Bill?
A: A GOP budget plan that cuts EV subsidies and federal contracts related to Musk’s companies

Q: Is Elon Musk still aligned with Trump?
A: No—Musk publicly criticized the bill and accused Trump of being ungrateful, leading to a political fallout

Q: Will this affect SpaceX?
A: Potentially—Trump threatened to revoke federal contracts from Musk’s ventures, including SpaceX

Do you think removing EV tax credits will derail America’s clean energy future? Share your views below!