Tesla falls for six consecutive trading days... Impact of Musk-Trump conflict

Tesla's stock has significantly dropped, marking a decline for six consecutive trading days. The conflict between CEO Elon Musk and U.S. President Donald Trump is identified as a major cause.

On the 1st (local time) at the New York Stock Exchange, Tesla's stock closed lower than the previous trading day.5.34% 하락한 300.71달러The decline that started on the 23rd of last month continued for six consecutive trading days.

Since recording $295.14 on the 6th of last month, Tesla's stock has300달러 붕괴 위기dropped as of the closing price, bringing the market capitalization9686억 달러below $1 trillion.

The background of the decline involves the tension between Musk and President Trump. Musk strongly criticized the legislative bill promoted by President Trump, which includes the repeal of eco-friendly support policies and large-scale tax cuts, as“정신 나간 지출법안”.

In response, President Trump retaliated on his social media platform 'Truth Social', stating that "the government subsidies received by Musk's companies should be reduced." He further hinted at the possibility of reducing government contracts, saying, "We might need the Department of Government Efficiency (DOGE) to take over Elon."

Musk, who led spending cuts and restructuring as the head of the Department of Government Efficiency during the second term of the Trump administration, had expressed a critical stance on Trump's policies immediately after completing his special public service role.

Experts analyze that "if the conflict between Musk and Trump extends beyond mere verbal exchanges to the reduction of corporate subsidies or contract reviews, it could directly burden Tesla's future growth and profitability."