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

Tesla stock has been decreasing for six trading days. The Musk-Trump conflict is a key factor.

On the 1st, Tesla's stock price dropped 5.34% to $300.71 at the NYSE, continuing a decline from the 23rd of last month.

After hitting $295.14 on the 6th of last month, Tesla shares have dipped below $300, placing its market cap under $1 trillion.

The decline links to Musk's criticism of Trump's bill, which proposes ending eco-friendly policies and introducing major tax cuts, calling it “insane spending.”

Trump responded on 'Truth Social,' suggesting a cut in Musk’s company subsidies and hinted at reducing government contracts, suggesting the Department of Government Efficiency (DOGE) might intervene.

Musk, a former head of the Department of Government Efficiency during Trump's second term, opposed Trump's policies after his service role ended.

Experts suggest that if the Musk-Trump feud leads to subsidy or contract cuts, Tesla's growth and profit could be directly threatened.