Tesla Stock: Musk-Trump Feud & Q2 Delivery Impact
Tesla’s stock took a 7% hit, closing at $300.71, fueled by a feud between Elon Musk and Donald Trump over the One Big Stunning Bill Act. This drop precedes the highly anticipated Q2 deliveries report, making investors nervous. Analysts predict a 13% dip in Tesla deliveries compared to last year’s figures. The conflict, centered on a significant spending bill, has sparked disagreements regarding renewable energy and EV tax credits. news Directory 3 has the full breakdown. The political squabble could affect Tesla’s EV sales. What impact will the upcoming report have on the primary_keyword and the electric car sector? Discover what’s next as this secondary_keyword unfolds.
Tesla Stock Dips as musk, Trump Clash Over Spending Bill
Updated July 2, 2025
Tesla’s stock price experienced a 7% decline, closing at $300.71 Tuesday, down from $323.63 on Friday. This drop precedes the release of the company’s second-quarter deliveries report,a key indicator for the electric vehicle maker.
Analysts anticipate Tesla deliveries of approximately 387,000 vehicles, according to FactSet. This figure represents a 13% decrease compared to the nearly 444,000 vehicles delivered during the same period last year. Kalshi, a prediction market, forecasts even lower deliveries, around 364,000.
The recent stock dip follows a period of gains fueled by Tesla’s launch of a limited robotaxi service in Austin, Texas, and Elon Musk’s announcement of the company’s first ”driverless delivery” of a vehicle to a customer. However,a renewed public dispute between Musk and former President Donald Trump appears to have shifted investor sentiment.
The conflict centers on the One Big beautiful Bill Act, a notable spending bill endorsed by Trump and currently awaiting a final vote in the House. The legislation, while benefiting higher-income households, proposes cuts to programs like Medicaid and food assistance.
Musk criticized the bill on X, stating it would exacerbate the U.S. deficit and increase the debt ceiling. The Congressional Budget Office estimates the bill’s tax cuts would add approximately $3 trillion to the national debt over the next decade. The Tesla CEO also voiced concerns over the bill’s proposed reductions in renewable energy advancement support and the phasing out of electric vehicle tax credits.
Energy Innovation, a think tank, projects that these changes could reduce Tesla’s EV sales by roughly 100,000 vehicles annually by 2035. Furthermore, the bill is expected to decrease renewable energy development by over 350 cumulative gigawatts during the same period, possibly impacting Tesla’s Energy division.
Trump addressed the feud, telling reporters that musk was “upset that he’s losing his EV mandate” and suggesting the tech CEO could “lose a lot more than that.” Trump’s remarks alluded to the subsidies, incentives, and contracts that Musk’s various ventures have historically relied upon.
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