Tesla Stock Plummets After Musk-Trump Rift Sparks Market Volatility

Elon Musk’s recent public disagreement with President Donald Trump has significantly impacted Tesla stock, causing a 11% decline in one trading session. While the fallout has shown broader financial volatility, cryptocurrency markets remain largely unaffected. The clash underscores tensions related to environmental regulations and EV mandates, particularly stemming from Musk’s opposition to a proposed budget bill backed by Trump. This political conflict has drawn attention to the potential for short-term market instability, although some analysts predict that Tesla’s stock volatility will likely stabilize over time.