- Tesla falls 11% as Elon Musk steps up criticism of President Trump’s spending bill
Matt Britzman (pictured above), senior equity analyst, Hargreaves Lansdown:
“Just when Tesla investors were hoping for a period of calm on the global political stage, Elon Musk has started a new war of words, this time with the very man he’s been so voraciously backing – President Trump. Government spending is the topic in question, with Musk perhaps one of the harshest critics of Trump’s so called Big Beautiful Bill that some forecasts suggest will add $2.4 trillion to the US debt mountain by 2034.
Investing in Tesla isn’t for the faint of heart, and Musk’s enthusiasm for topics close to heart is both a blessing and, at times, a curse. Let’s not forget, Tesla has its own battles, with disappointing sales numbers and brand damage weighing on sentiment in the near term. For now, markets are willing to look past the weakening auto business with AI and automation the real prizes. But with such a pivotal few months ahead for the autonomous strategy, investors will want to see Musk give his full attention back to Tesla.”
The author holds shares in Tesla
