(BFM Stock Exchange) – The US President, in hollow, threatened to withdraw the subsidies granted to companies from the South African billionaire. The Tesla action lost almost 6% in the first exchanges to Wall Street.
The new weapon pass between Musk and Trump still shakes Tesla to Wall Street. The action of the car manufacturer specializing in the electric vehicle loses 4.4%at the start of the session in New York, after having dropped by 6%, bringing its decrease over all of 2025 to 25%.
In a post on his social social network, Donald Trump suggested hollow that the subsidies granted to Elon Musk companies (Starlink, Space X, Tesla) could be deleted.
“Elon may have received more subsidies than any human being (sic) in history (…) and without subsidy, Elon could probably have to close shop and go home in South Africa,” wrote the White House tenant.
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Regain de tensions
“More launch of rockets, satellites, or production of electric vehicles, and our country would save a fortune. Maybe the Doge should take a severe and attentive eye to this? A lot of money would be saved !!!”, can also be read in Donald Trump’s post.
The DOGE, for “Department of Government Efficiency”, is an unofficial American department responsible for cutting the ax in the expenses of the federal state. This department was a time controlled by Musk who left him at the end of May.
According to a Washington Post survey published last February, Elon Musk companies received $ 38 billion in American public money in various forms (grants, public procurement, tax credits) in 20 years. This is a low estimate, because certain contracts made by its societies, especially those with the Pentagon, are not disclosed. Tesla notably benefited from a tax credit of $ 7,500 for individuals who buy electric vehicles.
Donald Trump’s threats occur after Elon Musk renewed his criticism of the American finance bill (the famous “Big, Beautiful, Bill” of Trump) on Monday evening, accusing him of digging the American debt. In his post, Musk returned back and back democrats and republicans to the treatment of public finances, and believed that it was time for a “new political party to be truly interested in citizens”.
Elon Musk also answered Trump threats on X threats. “I literally say ‘delete them all’. Now ‘,” he wrote.
“The Soap Opera continues”
This new episode puts a piece in the tension machine between the two men, who had come close to the insults a few weeks ago. Musk and Trump already exhausted on the finance bill. The South African billionaire, however, recognized that he had gone “too far” in his criticism.
For Dan Ives, Wedbush analyst known for his pronounced optimism on Tech, the “Soap Opera continues” between the two men. The analyst recalls, however, that this bad telenovela constitutes an “overhang”, that is to say a sword of Damocles, for the Tesla action.
“Investors fear that the Trump administration will be harder and closely monitor the expenditure of the US government linked to Musk, Tesla/Spacex and especially in the future of autonomy, the regulatory environment being essential for the future of robotaxis and cybercabs,” said the analyst.
Tesla started a few days ago in Austin, Texas, its Robotaxis service. Its first steps were modest and the company set up only dozen autonomous vehicles (the “cybercabs” in question). Robotaxis must be deployed in other American cities later in the year. The development of large -scale service is planned in 2026.
Under certain hypotheses, the Swiss Bank UBS calculated that these Robotaxis services could generate more than $ 200 billion in revenues by 2040.
More broadly, Elon Musk himself believes that autonomy technologies represent the bulk of the valuation of Tesla (around 965 billion dollars in market capitalization).
The market is now afraid of “that the old idyll between Trump and Musk turns against investors and goes from a college friend friendship in an initial,” writes Dan Ives. The analyst, however, wants to believe that the two men will be rabiboche.
This new cold stroke on the Tesla action occurs while the group must publish its deliveries for the second quarter on Wednesday, according to Reuters. According to Visible Alpha consensus, volumes should have dropped by 14% over the period.
Julien Marion – © 2025 BFM Bourse
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