Tesla actions fall with public barbs exchange between Musk and Trump

by Andrea
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Tamara Nassif

SAO PAULO, SP (FOLHAPRESS)-Tesla’s actions are in a strong fall on Thursday (5), in the wake between the company’s CEO, Elon Musk, and US President Donald Trump.

At 4:55 pm GMT), the papers fell 13.59%, quoted at US $ 286.91 (R $ 1,605) in NYSE, the New York Stock Exchange.

Once partners inside and outside the US government, the two have made public the rivalry that, among other factors, culminated in the departure of Musk from Republican administration.

In a speech at the Oval Hall this afternoon, Trump said he was “very disappointed” with Tesla’s CEO criticism of the Tax Policy Bill in the US Congress.

“He is not the first to leave my government, and some [dos que saem] They become hostile, ”said the president.” They leave, wake up in the morning and the glamor is gone, the whole world is different, and they become hostile. “

“Elon and I had a great relationship. I don’t know if we still have. He said wonderful things about me and never spoke badly about me personally, but I’m sure it will go. I’m very disappointed with Elon. I helped him a lot.”

Musk, who until then refrained from attacking Trump directly, countered on social networks. In a sequence of government critical posts in the X (former Twitter), of which he also owns, he suggested that he regretted supporting Trump in last year’s election with more than $ 250 million.

He also suggested that the president is abandoning his principles on federal spending, highlighting old Trump posts in which he criticized Republicans for raising the debt ceiling.

“Without me, Trump would have lost the election, the Democrats would control the House and the Republicans would be in 51-49 in the Senate,” he posted. “What ingratitude.”

Musk has moved away from the government due to the “negative repercussion” in the business of the companies he controls, although he has not hidden opposition to Trump’s trade war and the bill that could raise US debt to $ 2.4 trillion ($ 13.5 trillion).

Part of the project still aims to eliminate a credit of up to $ 7,500 for buyers of some Tesla models and other electric vehicles by the end of this year, seven years ahead of expected. This would represent a loss of approximately $ 1.2 billion in Tesla’s annual profit, according to JPMorgan analysts.

Trump speculated that opposition to the project is due to the fact that electric cars subsidies would be closed. Musk, on the other hand, argues that he does not support the tax package, described by him as a “disgusting abomination,” because he would do the already high American deficit firing.

“Keep incentive cuts for electric/solar vehicles in the bill, even if oil and gas subsidies are not affected (very unfair !!), but discard the disgusting pork mountain in the bill,” Posted Musk.

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