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.
Driverless lorries are already rolling on highways between Beijing and Tianjin port, showing how China’s transport industry could change soon.
Colombia has cut deforestation by a third in early 2025, with the biggest progress seen in Amazon national parks.
As countries ramp up offshore wind farms to meet climate goals, scientists are warning about a growing issue: wind farms accidentally draining energy from one another — a phenomenon now nicknamed “wind theft.”
Kenya has directed its tea factories to suspend ties with the Rainforest Alliance, saying the cost of ethical certification is too high for struggling smallholder farmers.
Rwanda has officially withdrawn from the Economic Community of Central African States (ECCAS), citing political bias and obstruction by the Democratic Republic of Congo (DRC).
Driverless lorries are already rolling on highways between Beijing and Tianjin port, showing how China’s transport industry could change soon.
Colombia has cut deforestation by a third in early 2025, with the biggest progress seen in Amazon national parks.
As countries ramp up offshore wind farms to meet climate goals, scientists are warning about a growing issue: wind farms accidentally draining energy from one another — a phenomenon now nicknamed “wind theft.”
Kenya has directed its tea factories to suspend ties with the Rainforest Alliance, saying the cost of ethical certification is too high for struggling smallholder farmers.
Rwanda has officially withdrawn from the Economic Community of Central African States (ECCAS), citing political bias and obstruction by the Democratic Republic of Congo (DRC).
Ukraine’s Security Service (SBU) has confirmed it carried out a third targeted attack against the Crimean Bridge, also known as the Kerch Bridge, early Tuesday morning, marking a new escalation in the ongoing conflict with Russia.
A strong 6.3 magnitude earthquake shook Japan’s Hokkaido prefecture early Monday, causing no reported injuries or damage, and no tsunami warning was issued, officials confirmed.
U.S. President Donald Trump and Chinese President Xi Jinping are expected to speak this week to discuss recent trade tensions, White House press secretary Karoline Leavitt said.
Peace talks between Russia and Ukraine ended abruptly in Istanbul on Monday, lasting just over an hour amid mounting tensions following a major Ukrainian drone strike on Russian strategic bombers and renewed pressure from the U.S. for a breakthrough.
Eid al-Adha, known as the "Festival of Sacrifice," stands as one of Islam's most significant celebrations, commemorating Prophet Ibrahim's willingness to sacrifice his son in obedience to Allah's command.
Global food commodity prices experienced a notable decline in May, driven by significant drops in the cost of grains, sugar, and vegetable oils, the United Nations' Food and Agriculture Organization (FAO) reported on Friday.
Germany’s new government has launched a major program aimed at boosting investment and helping Europe’s largest economy recover after two years of decline.
The European Central Bank has reduced its three key interest rates by 25 basis points, aligning with expectations and reflecting progress toward its inflation target.
Centrica, owner of British Gas, has agreed to a £20 billion deal with Norway’s Equinor to supply nearly 10% of the UK’s gas needs annually for the next decade, supporting energy security while paving the way for future hydrogen integration.
A U.S. appeals panel has rejected Apple’s request to pause a ruling that restricts the tech giant from charging commissions on in-app purchases made outside its payment system—delivering a major blow to the company in its long-running legal fight with Epic Games.
Driverless lorries are already rolling on highways between Beijing and Tianjin port, showing how China’s transport industry could change soon.
Colombia has cut deforestation by a third in early 2025, with the biggest progress seen in Amazon national parks.
As countries ramp up offshore wind farms to meet climate goals, scientists are warning about a growing issue: wind farms accidentally draining energy from one another — a phenomenon now nicknamed “wind theft.”
Kenya has directed its tea factories to suspend ties with the Rainforest Alliance, saying the cost of ethical certification is too high for struggling smallholder farmers.
Rwanda has officially withdrawn from the Economic Community of Central African States (ECCAS), citing political bias and obstruction by the Democratic Republic of Congo (DRC).
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment