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.
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The German and French finance ministers said on Monday that European powers would not be blackmailed and that there would be a clear and united response to U.S. President Donald Trump's threats of higher tariffs over Greenland.
Japan’s Prime Minister Sanae Takaichi said on Monday (19 January) she would call a snap national election on 8 February, seeking a popular mandate for higher public spending, tax cuts and a new security strategy expected to accelerate Japan’s defence build-up.
A fresh consignment of precision-guided munitions has departed from the Indian city of Nagpur bound for Yerevan, marking the latest phase in the rapidly expanding defence partnership between India and Armenia.
Start your day informed with AnewZ Morning Brief: here are the top news stories for 19 January, covering the latest developments you need to know.
Italian Prime Minister Giorgia Meloni said on Saturday (17 January) that concerns over security in Greenland should be addressed within the framework of NATO, describing a ground military intervention as highly unlikely.
Elon Musk is seeking up to $134 billion from OpenAI and Microsoft, arguing that the companies profited unfairly from his early support of the artificial intelligence firm, according to a court filing made public on Friday.
European leaders voiced growing alarm on Sunday over U.S. threats to impose tariffs on eight NATO allies, warning the move could destabilize transatlantic relations and heighten tensions in the Arctic.
Trump administration officials held months-long discussions with Venezuela’s hardline interior minister Diosdado Cabello before the U.S. operation that led to the seizure of President Nicolás Maduro, according to multiple people familiar with the matter.
Syrian President Ahmed al-Sharaa has signed a decree recognising Kurdish language rights, as government forces advanced against U.S.-backed Kurdish-led fighters despite U.S. calls for restraint.
Global markets are rattled after U.S. President Donald Trump threatened new tariffs on eight European countries over Greenland, sending the euro to a seven-week low and raising concerns about renewed transatlantic trade tensions.
Hong Kong and Shanghai will sign a memorandum of understanding next week to establish a cross-border gold trade clearing system, a move aimed at boosting Hong Kong’s role as an international gold trading hub, Financial Secretary Paul Chan said.
Elon Musk is seeking up to $134 billion from OpenAI and Microsoft, arguing that the companies profited unfairly from his early support of the artificial intelligence firm, according to a court filing made public on Friday.
The UK economy grew more strongly than expected in November, according to official figures, offering signs of resilience after months of weak performance.
China recorded the world’s largest-ever trade surplus in 2025, reaching $1.2 trillion as exporters shifted focus away from the U.S. amid ongoing trade tensions.
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