Morning Brew Daily Tesla Sinks After Musk-Trump Beef & Can the Switch 2 Save Nintendo?
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Jun 6, 2025 Elon Musk and Donald Trump's public feud has sent Tesla stocks plunging, raising eyebrows in the financial world. Meanwhile, Nintendo's much-anticipated Switch 2 is finally here—will it breathe life into the struggling company? In the crypto realm, Circle's shares are soaring, catching the FOMO wave. The EU is tightening the screws on fast fashion giant Shein, making it the focus of scrutiny. Plus, Broadway is catching Hollywood's shine ahead of the Tony Awards, hinting at exciting times for the theatre world.
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Musk-Trump Fallout Impact
- The Musk-Trump fallout highlights high stakes where billions in government contracts and credits are intertwined with private companies.
- Their public conflict caused Tesla's stock to tumble, showing political relationships' market impact.
Tesla-SpaceX Government Ties
- Tesla and SpaceX benefit from roughly $38 billion in U.S. government contracts and subsidies.
- This deep governmental connection fuels the volatility due to political actions.
Nintendo's Switch 2 Upgrade Strategy
- Nintendo's Switch 2 launched like a pro console upgrade, improving power, screen, and controllers while keeping core features.
- Historically cautious upgrades may help avoid failures seen in past Nintendo follow-ups.
