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Tesla stock sinks as Musk exchanges with Trump intensify

DeFi Daily News by DeFi Daily News
July 1, 2025
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Tesla (TSLA) stock slides as CEO Elon Musk and President Trump are yet again arguing over social media.
Musk criticized Trump’s big, beautiful bill, which moves to the House after narrowly passing through the Senate, saying the mega bill, which is expected to add trillions to the national debt, is “insane.”
The president responded by threatening to cut US government subsidies to Musk’s businesses, including Tesla and SpaceX (SPAX.PVT). Trump added that the richest man in the world would then have to “close up shop and head back home to South Africa.”
Yahoo Finance’s Head of News, Myles Udland, and Prairie Operating Co. executive vice president of market strategy and TheBigSkinny.com founder, Lou Basenese, sit down with Josh Lipton on Market Domination to discuss the latest.
To watch more expert insights and analysis on the latest market action, check out more Market Domination here.https://finance.yahoo.com/videos/series/market-domination/
#youtube #stocks #investing

About Yahoo Finance:

Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.

– Get the latest news and data at finance.yahoo.com

– Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)

– Follow Yahoo Finance on social:

X: http://twitter.com/YahooFinance
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Tags: BondsbusinessCurrenciesEquitiesExchangesFXIntensifyInvestingInvestmentMarketMarketsMoneyMuskNewsNYSEPersonal FinancePoliticsSavingsSinksStockStock marketstocksTeslaTrumpYahoo FinanceYahoo FInance Premium
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