Tesla’s stock value drops amid Trump’s potential move to end government deals with Musk’s enterprises

Elon Musk’s electric car company, Tesla, experienced a significant decline of 15% in its stock value following Donald Trump’s threats to revoke government contracts and subsidies awarded to Musk’s companies. This sudden intensification of the dispute between the two individuals occurred shortly after Musk resigned from his government position with a generous reward from the president. Additionally, a major trial commenced in Paris, with TotalEnergies being accused of misrepresenting its involvement in fossil fuel activities in a deceptive manner.

Source: https://www.france24.com/en/tv-shows/business/20250605-tesla-shares-plunge-as-trump-threatens-to-cut-government-contracts-with-musk-s-companies