World Business Report What does the Trump/Musk spat mean for the US business?
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Jun 6, 2025 Tensions bubble as significant players clash over a controversial tax bill. The fallout from Trump and Musk's feud could affect Tesla and SpaceX's futures. Germany's investment fund pulling back from energy firms raises eyebrows on climate responsibility. The podcast dives into Tesla's market position and the necessity for continued innovation amid rising competition. It also highlights the implications of legislative changes and the critical need for oil companies to adopt sustainable practices.
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Musk-Trump Feud's Business Fallout
- Elon Musk and President Trump had a public social media feud impacting their business relations.
- The quarrel threatened government contracts for Musk's companies, including Tesla and SpaceX.
Tesla Share Volatility Explained
- Tesla shares rose after Elon Musk's calm comments but remain down 26% year-to-date.
- Market concerns focus on Tesla's sales performance and competition, despite optimism for Musk's vision.
Musk-Trump Clash and Tesla Shares
- Musk and Trump's volatile personalities made their fallout inevitable.
- Tesla stock volatility reflects investor worries about Musk's political distractions.