The Tesla actions They sank more than 14% This Thursday on Wall Street, dragged by a strong selling wave in the middle of a growing political tension between his CEO, Elon Musk, and former president Donald Trump. In just three hours, the company lost more than US $ 1550,000 million of stock market, a figure that exceeds the total value of firms such as Starbucks and dozens of contributing companies In the US
The conflict originated after a Crossing statements for the Trump -promoted budget project. Musk said Trump would not have been chosen without his help, and the former president responded with a direct warning:
“The easiest way to save billions in the budget is to end Elon’s subsidies and government contracts”, He posted on his social truth network.“I was always surprised that Biden did not do it”
The market coup was immediate. The fall deleted much of the accumulated increases Since Musk announced the Testing for a robotaxis service in Austin, Texas. Investors now fear that an eventual presidency of Trump Does not prioritize the development of autonomous vehicleskey to the future of automaker.
“The main objective of robotaxis is to have them in 20 or 25 cities next year. If the regulatory environment intensifies, that path could be delayed”He warned Dan IivesWedbush Securities analyst.
Trump’s warning also lit alarm lights on another of the Musk Empire jewels: Spacex. The aerospace company -which provides services to NASA and works on a Megacohete for future missions to the moon- has received billions in state contracts. An eventual rupture in the political bond could affect your financing and operations.
In parallel, Starlinkthe SpaceX satellite Internet unit, it seemed until now benefited by the links with the former president. Advertisement Agreements in the Middle East after an official visit, and managed to advance in India, Pakistan and other countrieswithin the framework of commercial threats driven by Trump.
In the last year, Spacex reached a private valuation of US $ 350,000 millionwell above the US $ 200,000 million a year ago. That value now It could be under review.
The Tesla actions They had already risen with strength after the presidential elections of November, when investors bet on a Deregulation tailored to the technological and automotive sector. Between November and December, the company’s market value It grew more than US $ 450,000 million.
However, the honeymoon was brief. After Musk headed a state expenses panelTesla faced Boicots and one Fall in your public image. After a slight recovery, promoted by promises to focus on the automotive business and robotaxisthis Thursday’s shock generated doubts again.
Musk itself suffered a historical patrimonial blow: lost $ 20,000 million in a single day.
Source: Ambito
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