Wall Street Breakfast Is Tesla losing a Trump premium?
Jun 5, 2025
Elon Musk's recent criticisms of Trump spark concerns about Tesla's stock stability. The podcast dives into the economic fallout of their tensions and what it means for investors. Meanwhile, 23andMe faces bankruptcy challenges, with its asset auctions stealing the spotlight amidst allegations of unfairness. On a brighter note, there’s a surge in ETF market optimism, indicating a buoyant investor sentiment. Tune in for insights into these financial hot topics!
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Tesla Loses Trump Premium
- Elon Musk's public conflict with Trump over the "One Big Beautiful Bill" risks damaging Tesla's perceived political advantage.
- This dispute has led to Tesla's stock dropping over 6% and losing about 35% from its post-election peak.
April Trade Deficit Narrows
- The U.S. trade deficit narrowed sharply in April due to a steep drop in imports.
- This signals a slowdown in demand as businesses finish tariff-driven early purchasing and inventory levels remain high.
MongoDB’s Strong Start to Year
- MongoDB's cloud database Atlas showed accelerating revenue growth and record customer additions.
- This demonstrates strong execution early in fiscal 2026, contrasting with mixed investor sentiment.