Bloomberg Tech Donald Trump, Elon Musk Fallout Deepens
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Jul 1, 2025 In this discussion, Bloomberg reporter Kayleigh Lines dives into the escalating tensions between President Trump and Elon Musk, focusing on how their feud affects Tesla's sales and investor expectations. Mark Bagarb, Managing Director at General Catalyst, highlights the implications of political affiliations on consumer behavior in the EV market. They also touch on Apple's potential AI partnerships to enhance Siri, signaling a significant shift in technology strategy. The conversation paints a vivid picture of the intertwining worlds of politics and technology.
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Musk-Trump Clash Over Tax Bill
- Elon Musk criticizes the new tax bill for increasing the deficit and reducing EV subsidies, which he believes undermines fiscal responsibility.
- President Trump counters by accusing Musk of being heavily subsidized and threatening to scrutinize his businesses.
Tesla Sales Decline and Musk Intervention
- Tesla sales have declined, forcing Elon Musk to take direct control over U.S. and European sales.
- Analysts expect another significant drop in deliveries in the second quarter, signaling challenges ahead.
Impact of EV Subsidy Cuts on Tesla
- Removing the $7,500 EV subsidies could significantly impact Tesla's sales given the price sensitivity of buyers.
- Musk claims Tesla can survive without subsidies due to cost advantages, but the market may react negatively to subsidy removal.