{"id":72228,"date":"2025-06-06T14:27:35","date_gmt":"2025-06-06T14:27:35","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=72228"},"modified":"2025-06-06T14:27:35","modified_gmt":"2025-06-06T14:27:35","slug":"donald-trump-ready-to-ditch-his-tesla-amid-musk-feud-report","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=72228","title":{"rendered":"Donald Trump Ready to Ditch His Tesla Amid Musk Feud? (Report)"},"content":{"rendered":"

TL;DR<\/strong><\/span><\/p>\n

The price of Tesla shares headed south following the spat between the former allies.
\nOver the past few hours, though. TSLA rebounded amid rumors that Musk and Trump might sit down to resolve their differences.<\/span><\/p>\n


\n<\/a>
\n<\/span><\/p>\n

The drama between the once-close friends Donald Trump and Elon Musk continues to intensify. Minutes ago, the X account, The Kobeissi Letter, revealed that the American president is supposedly contemplating ditching his Tesla.<\/p>\n

BREAKING: President Trump is considering getting rid of his Tesla, per WSJ.$TSLA<\/a><\/p>\n

\u2014 The Kobeissi Letter (@KobeissiLetter) June 6, 2025<\/a><\/p>\n\n

Earlier this year, Trump bought a red Tesla Model S as a public gesture of support for Musk and his EV giant amid growing criticism and declining sales. Before making the purchase, the president <\/span>praised<\/span><\/a> the wealthiest man in the world and vowed to pay the full price for the vehicle.<\/span><\/p>\n

\u201cThis man [Elon Musk] has devoted his energy and his life to doing this,\u201d he said at the time.<\/span><\/p>\n

Trump\u2019s purchase in March triggered a brief uptick in the price of Tesla\u2019s shares. However, the recent conflict between the two men (which seems to have erupted following a bill introduced by the president last month) has <\/span>had a negative impact on<\/span> the company\u2019s stocks.<\/span><\/p>\n

On June 5, as the drama between the two unfolded, TSLA dropped below $275, the lowest point <\/span>witnessed<\/span> in the past month. In pre-market trading today, and once the market opened, though, the price rebounded to around $296, following <\/span>reports<\/span><\/a> that the tension might ease and expectations that Trump and Musk are open to a dialogue.
\n<\/span><\/p>\n

<\/a>TSLA Price, Source: Yahoo Finance<\/p>\n

While a White House official supposedly rejected the plans for a call on June 6, Tesla\u2019s CEO seems ready to find ways to bury the hatchet.<\/span><\/p>\n

Earlier today, Bill Ackman (CEO of Pershing Square) <\/span>argued<\/span><\/a> that the two men should make peace \u201cfor the benefit of our great country.\u201d Musk replied, \u201cYou are not wrong.\u201d<\/span><\/p>\n

Meanwhile, the conflict has also <\/span>had a negative impact on<\/span> the cryptocurrency market. Bitcoin temporarily <\/span>slipped<\/span><\/a> under $101,000, while some of the leading altcoins suffered even more substantial losses.<\/span><\/p>\n

Over 215,000 traders <\/span>were <\/span>liquidated<\/span><\/a> in the past 24 hours, with the total amount of liquidations reaching almost $1 billion.<\/span><\/p>\n

The post Donald Trump Ready to Ditch His Tesla Amid Musk Feud? (Report)<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR The price of Tesla shares headed south following the spat between the former allies. Over the past few hours, though. TSLA rebounded amid rumors that Musk and Trump might sit down to resolve their differences. The drama between the once-close friends Donald Trump and Elon Musk continues to intensify. Minutes ago, the X account, […]<\/p>\n","protected":false},"author":0,"featured_media":72229,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-72228","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/72228"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=72228"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/72228\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/72229"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=72228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=72228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=72228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}