The share prices for Tesla stock tumbled on Tuesday after President Donald Trump suggested the federal government might end its electric vehicle subsidies and deport owner Elon Musk.
July 1 The share prices for Tesla stock tumbled on Tuesday after President Donald Trump suggested the federal government might end its electric vehicle subsidies and deport owner Elon Musk.
Trump suggested Tesla and other Musk-owned enterprises would end without federal subsidies.
„Electric cars are fine, but not everyone should be forced to own one“, Trump said in a Truth Social post.
„Elon may get more subsidy [sic] than any human being in history, by far, and without subsidies, Elon would probably have to close up shop and head back home to South Africa“, Trump continued.
„No more rocket launches, satellites or electric car production, and our country would save a fortune“, the president said.
Trump’s threat against Tesla subsidies might have triggered a drop in Tesla stock prices during Tuesday’s trading.
