Tesla: Sharp correction after Musk-Trump scandal – can the stock now turn up again?
Tesla's stock has recently suffered from the escalating conflict between US President Donald Trump and company CEO Elon Musk. While the stock managed to climb back to almost $370 by the end of May, it plummeted in June. Trump now appears to even want to sell his Tesla. However, the price has recently stabilized.
Trump is apparently on the verge of parting with his red Tesla. He only purchased the vehicle, a Model S worth around $80,000, in March as a publicity-grabbing signal of support for Elon Musk. But the relationship between the head of state and the tech billionaire has now become severely strained.
As reported by the Wall Street Journal and CNN , senior administration officials say Trump is seriously considering selling or donating the car. The background to this is a political dispute that has severely damaged the relationship between the two influential figures.
The trigger was Musk's sharp criticism of Trump's planned tax and spending policies. Musk demanded significantly greater cuts – an affront that Trump did not leave unanswered. He accused the Tesla CEO of hurt self-interest over cuts in subsidies for electric cars. Musk, in turn, tried to mobilize Republican members of Congress against the president – and caused a scandal with a controversial accusation that Trump was included in the infamous "Epstein Files."
As the conflict escalated last Thursday, Tesla's share price corrected to $273.21. Just a few days earlier – at the end of May – the stock was still trading at $367.71. However, the stock recently stabilized and reclaimed its 50-day moving average after Musk backtracked on his statements. On Friday, the stock even closed the day on the Nasdaq 100 with a gain of 3.7 percent, making it the fourth-strongest price of the day. It is now important that the 200-day moving average be reclaimed as quickly as possible.
In the short term, what's important now is how the relationship between Trump and Musk develops after the recent escalation. In the long term, what matters is how the company itself can deliver in the future. The stock slipped below the AKTIONÄR stop price during the recent correction and was sold. Investors are now waiting for clear positive signals.
Note on conflicts of interest The board member and majority shareholder of the publisher Börsenmedien AG, Mr. Bernd Förtsch, has directly and indirectly entered into positions in the following financial instruments or derivatives related to them mentioned in the publication, which could benefit from any price development resulting from the publication: Tesla.
It's every investor's dream: to find the next Amazon, Apple, Tesla, or Google before anyone else, to put it in your portfolio, not touch it for years, and then one day to own a ten-, twenty-, or even a hundred-fold increase. Or at least to find companies whose shares outperform the overall market. The name of this art: "stock picking" – selecting tomorrow's winners. Joel Tillinghast is one of the most successful stock pickers of all time. In this book, he shares his thoughts, methods, and strategies with the reader. He shows the mistakes the masses make, the niches you can exploit, how you should think, and much more. The bottom line is a textbook that will make its readers more successful investors.
deraktionaer.de
