The ongoing feud between President Donald Trump and Tesla CEO Elon Musk has negatively impacted Tesla's stock, leading to a significant loss in market value. As tensions escalate, investors are weighing the potential risks associated with Musk's business ventures, including SpaceX and XAI.
Market Value DeclineTesla's stock cratered 14% on Thursday, resulting in a $150 billion loss in market value, marking the worst single-day drop for the company in over four years. Investors are concerned about the potential consequences of the Trump-Musk dispute on Tesla's future performance.
Impact on SpaceX and XAIIn addition to Tesla, Musk's other major companies, SpaceX and XAI, may also be affected by the ongoing tensions. Investors are closely monitoring the situation, as any negative impacts on these companies could further erode confidence in Musk's leadership.
Potential for ReconciliationFollowing Thursday's dramatic stock drop, Tesla shares rebounded on Friday as investors hoped for signs of reconciliation between Musk and President Trump. The market's reaction underscores the significant influence of the ongoing feud on the future of Tesla and Musk's other businesses.
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