Tesla’s shares declined by about 14.2% on Thursday, reducing the company’s market value by roughly $152 billion, as Elon Musk and Donald Trump publicly exchanged criticisms on social media.
Tesla’s stock price fell approximately 14.2% at Thursday’s close, lowering the company’s market value by around $152 billion amid a public exchange between Elon Musk and President Donald Trump. The two figures traded comments and criticisms on social media platforms over the course of the day.
Trump suggested the possibility of reducing government subsidies and contracts for Musk’s companies, including Tesla and SpaceX, both of which have received federal support. Musk responded by threatening to decommission SpaceX’s Dragon spacecraft used by NASA, criticized Trump’s tariff policies, and called for the president’s impeachment. Later in the evening, Musk indicated that SpaceX would not proceed with decommissioning the spacecraft.
The share price decline also led to an estimated $8.73 billion decrease in Musk’s net worth, with Tesla’s overall market valuation falling to near $900 billion. Tesla has faced challenges during the year, including sales declines and investor concerns linked to Musk’s political affiliations. Some investors who had bet against Tesla’s stock benefited financially during the price drop, according to reports.
North Korea strongly condemned the U.S. strike on Iran, calling it a grave violation of Iran’s sovereignty and security interests.
The International Atomic Energy Agency (IAEA) will hold an emergency Board of Governors meeting today after U.S. attacks on Iranian nuclear facilities.
Australia’s Prime Minister Anthony Albanese said Canberra supports the U.S. strike on Iran and calls for de-escalation and diplomacy.
The International Atomic Energy Agency (IAEA) confirmed that U.S. strikes hit entrances to tunnels storing part of Iran’s enriched uranium at the Isfahan nuclear site.
Global oil prices surged on Sunday as the Israel-Iran conflict continued to rattle markets, with Brent crude rising 3.9% to $80 per barrel and U.S. crude climbing 4.3% to $77 per barrel.
North Korea strongly condemned the U.S. strike on Iran, calling it a grave violation of Iran’s sovereignty and security interests.
The International Atomic Energy Agency (IAEA) will hold an emergency Board of Governors meeting today after U.S. attacks on Iranian nuclear facilities.
Australia’s Prime Minister Anthony Albanese said Canberra supports the U.S. strike on Iran and calls for de-escalation and diplomacy.
China has condemned the U.S. strike on Iran’s nuclear sites, warning it has undermined Washington’s credibility and risks triggering a broader regional crisis.
Some Democratic and Republican lawmakers are urging Congress to limit President Donald Trump’s military actions in Iran, warning against deeper U.S. involvement in the escalating Middle East conflict.
Iranian missiles struck multiple locations across Israel and neighbouring regions early Friday morning, including a Microsoft office complex, according to emergency responders and local media reports.
A high-speed tram derailment in central Gothenburg, Sweden, has left at least eight people injured late on Thursday (19 June), after the vehicle slammed into a snack bar on Avenyn Avenue.
China has unveiled a mosquito-sized bionic drone designed for covert military operations and battlefield reconnaissance, marking a major advance in micro-robotics and stealth technology as part of the country’s growing focus on next-generation warfare capabilities.
The 2025 G7 Leaders’ Summit was held June 15–17 in Kananaskis, Alberta, under Canada’s presidency. Prime Minister Mark Carney framed the meeting around priorities of protecting communities, energy and climate security, the digital transition, and future partnerships.
The USS Nimitz is heading to the Middle East amid tensions between Israel and Iran. The U.S. aircraft carrier has a decades-long history in the region, from the 1979 hostage crisis to modern deployments, often serving as a key asset during periods of rising friction with Iran.
Germany’s federal government spent over 1.2 billion euros on software, licenses and IT services in 2024, more than 25% higher than the previous year.
Japan’s core inflation rose to a more than two-year high in May, exceeding the central bank’s 2% target for over three years and increasing pressure on the Bank of Japan (BOJ) to resume rate hikes.
Two Nigerian communities will take Shell to trial in the UK in 2027 after winning a court ruling over Niger Delta oil pollution.
The European Investment Bank (EIB) announced Friday it is raising its financing ceiling to a record €100 billion to accelerate investments in defence, energy security and Europe’s technological leadership.
Meta has teamed up with Oakley to release AI-powered smart glasses, expanding its push into wearable tech after the success of Ray-Ban Meta glasses. The social media company is expanding its partnership with Oakley and Ray-Ban-parent EssilorLuxottica.
North Korea strongly condemned the U.S. strike on Iran, calling it a grave violation of Iran’s sovereignty and security interests.
The International Atomic Energy Agency (IAEA) will hold an emergency Board of Governors meeting today after U.S. attacks on Iranian nuclear facilities.
Australia’s Prime Minister Anthony Albanese said Canberra supports the U.S. strike on Iran and calls for de-escalation and diplomacy.
China has condemned the U.S. strike on Iran’s nuclear sites, warning it has undermined Washington’s credibility and risks triggering a broader regional crisis.
Some Democratic and Republican lawmakers are urging Congress to limit President Donald Trump’s military actions in Iran, warning against deeper U.S. involvement in the escalating Middle East conflict.
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