Beat at His Own Game? Donald Trump’s New Tariffs Could Ruin Elon Musk’s Tesla Company.
The euphoria of the first few weeks is giving way to increasingly palpable tension for Elon Musk.
After a euphoric first few weeks on the stock market following the election of Donald Trump, Tesla is experiencing difficult times at the start of 2025. Increasingly divisive, Elon Musk is busy at the D.O.G.E. and tensions are mounting between him and the Republicans. Tesla's sales are in freefall, which is logically reflected in the share price of Elon Musk's company:
Worse still, trade tensions between the United States and the rest of the world could well worsen the situation for Elon Musk's company. Tesla, on the front line, is bearing the full brunt of the new taxes imposed by Donald Trump, which expose the company to heavy reprisals. With China as its second-largest market, the electric vehicle manufacturer's future is clouded by political pressure and economic risks.
The situation is such that Donald Trump himself had to support Elon Musk during a visit to the White House last week. Elon Musk himself gave an interview explaining that the situation was difficult because of his total involvement in the D.O.G.E. to save America.
A way of trying to appease American consumers, probably...
Even so, Tesla warns that the situation could get even worse in the weeks to come.
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