Tesla’s market value suffers biggest one-day drop after Trump-Musk spat

US president and world’s richest man trade insults as their alliance collapses

giovedì 5 giugno 2025 New tab

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Slide comes after carmaker says second-quarter profits dropped by more than a fifth

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Elon Musk’s carmaker hit by US tariffs, loss of emissions credit revenue and big investments in AI

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Plus IPOs and American exceptionalism

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Billionaire chief executive threatened to leave the electric vehicle maker if he was not given more stock

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US carmaker’s registrations sink in July as Chinese rival profits

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Party closes ranks after billionaire’s attacks on legislation prompt dramatic fall out with president

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