Upper line
The last instance of a stock market drop caused by the innumerable investor of the last movement of President Donald Trump is none other than Tesla, the company of electric vehicles led by Elon Musk, the richest man in the world and the “first friend” Trump’s self -written, while Trump’s Wall Street approaches for a crucial update of the Auto Company.
President Donald Trump and Elon Musk pose with Teslas in the White House last month.
Key facts
Tesla’s shares fell 6% to $ 227, its lowest closure since April 8, just before Trump stopped some tariffs for the delight of the stock market.
The S&P 500 shares index sank more than 2% on Monday to its lowest point from April 9, since the market sold a small progress of the commercial war and Trump’s escalation of its dispute with the president of the Federal Reserve, Jerome Powell.
Tesla was the most notable loser in the midst of losses earlier of the week, and has often been one of the worst performance actions of tariff shocks that consider their dependence on a coherent global supply chain and in the soft relations of Washington-Beijing due to its great dependence on the income in China.
What to see
Tesla will report the profits of the first quarter shortly after 4 PM EDT on Tuesday, delivering their first financial results of 2025. Wall Street analysts expect it to be a faint report, with consensus forecasts of $ 0.41 profits per share, or $ 1.4 billion net income, which point to the weakest lower line for the Musk company from Q1 2021, according to FACTSET. Earlier this month, Tesla revealed the first three months of 2025 saw her weakest quarter for vehicle deliveries since 2022, since Tesla Sales was racked from California to Germany in response to Musk’s polarizing policy, including her role as Trump’s dismissal head and cost cutting wing, the Department of Government Efficiency.
Crucial appointment
Musk and Tesla face “a red code situation if it stays in Doge,” wrote Wedbush Dan Iives in Sunday clients. “The vision of change must begin” in Tuesday’s winning call as if “Musk chose to keep Trump’s White House, he could change the future of Tesla,” according to Iives. Long, one of the most bullish analysts who cover Tesla, Iives, has been one of the most vowel critics of Musk’s damage in the vehicle brand in recent weeks.
Forbes assessment
The net worth of Musk was reduced by $ 10 billion during the fall of shares of Tesla on Monday, Trump’s advisor remains, with much, the richest person on Earth with a fortune of $ 354 billion, more than $ 165 billion more than the net worth of the second man, the founder of Amazon, Jeff Bezos, according to our real -time estimates.
Large number
53%. That is what is by Tesla stock from its set of all time in December, since the stock shot after Trump’s electoral victory.
Additional reading
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