Trump and Musk in the Clash: Tesla shares crush massively!

Trump and Musk in the Clash: Tesla shares crush massively!

The Tesla shares are at the center of a new storm, triggered by a conflict between Elon Musk and Donald Trump. At the beginning of the year, a share still cost around $ 400. But the course fell to around $ 220 until mid-April, which led investors worried. Musk's focus on layoffs in US authorities and the missing new models for Tesla contribute to these concerns. Süddeutsche Zeitung reports that a reduction in his role as an efficiency and deregulation manager from Trump temporarily led to a slight recovery of the share price.

Finally, the situation between Trump and Musk escalated, which led to a dramatic decline in Tesla shares by 14 percent on Thursday. The dispute revolved around a tax and budget law that Musk saw as stressful for state finances. Trump, on the other hand, accused Musk of creating a mood against the law to protect subsidies for electric vehicles. In this context, Trump threatened to deprive Musk's companies. Der Spiegel on this day assets by almost 34 millions of USA sank, which illustrates how strongly his wealth depends on the Tesla shares.

financial dependence and challenges

Musk, which also leads the space company SpaceX, has used its Tesla shares as collateral for loans. He is the richest person in the world on paper. But in the event of falling courses, Musk often has to store further collateral. According to the Tesla annual report in 2024, he deposited around 236 million Tesla shares as security. This illustrates the high financial dependency in which Musk is located.

A phone call between Trump and Musk is scheduled for Friday, the course of which could be crucial for the future development of the Tesla share course. Both personalities have also been analyzed in detail because of their power and influence in the economy.

A look at Musk's personality

The biography "Elon Musk" by Walter Isaacson, which was published in early September 2023, offers deeper insights into Musk's character and leadership style. Isaacson, known for his biography of Steve Jobs, accompanied Musk over two years and visited various production facilities. The biography describes both Musk's success stories and its failures, such as the challenges of his childhood.

Musk's leadership style is described in the biography as characterized by hardness and urgency. He is considered a dreaded boss who shows little empathy and consistently fires employees. His "algorithm of product development", which contributes to the effectiveness of Tesla, is particularly interesting. This algorithm is based on a five-point plan that includes questioning the specifications and optimizing the production processes. Procurement currently emphasizes that Musk also pursues high standards in the collaboration between designers and engineers.