NEW YORK.- After the clash between Elon Musk and Donald Trump, Tesla’s actions fell 14.2%, their worst setback since March 10, according to Reserting.com data
At the close of the day on Wall Street, he also highlighted the decline in Trump Media, the company of the US president that encompasses his social social network, which fell 8.4%.
Trump threatened today to cancel all public contracts with companies linked to Musk, in the midst of a growing exchange of criticism and disqualifications between the two after the exit of the billionaire as an advisor to the Government and his criticisms of the fiscal plan of the White House.
Musk officially abandoned the Department of Government Efficiency (Doge) on Friday of last week, something that investors had applauded thinking that it would be positive for the march of their companies, but less than a week later the spirits have clearly been pledged.
Lee: Elon Musk says Trump appears in Jeffrey Epstein’s archives
Since Musk left Doge, Tesla has lost about 150,000 million dollars of capitalization, and is no longer part of the group of listed with values greater than 1 billion dollars, because today it was 917,000 million pesos, according to specialized media.
The battle on social networks has gone from focusing on Trump’s bill, which Musk considers that “undermines” the work of the doge and is an “abomination”, to cover the political trajectory and personal life of the president.
Musk said Trump “would have lost the elections” without his help and that the president is included in the Jeffrey Epstein archive, the billionaire accused of sexual trafficking of minors who committed suicide in 2019, in jail, and that he had links with the high spheres of the US.
Lee: Trump threatens to cut public contracts with Musk companies after dispute
Trump wrote in Truth socially threatening that, in reference to the bulky government spending, “the easiest way to save in our budget, billions of dollars, would be to cancel all government contracts and subsidies to Elon (Musk).”
With information from Francisco Rivera and Efe
