Fri, 06 Jun 2025

Fri, 06 Jun 2025 Will Musk's explosive row with Trump help or harm his businesses?

Experts say his tech empire needs more of Musk's attention - but also the continued custom of the government.

* Tesla's stock price fell by 14% on Thursday following Musk's social media exchange with Trump
* Shares recovered slightly on Friday, but investors remain concerned about the company's future under Musk's leadership
* Analysts say Musk's attention is divided between politics and his tech firms, including Tesla, which is struggling to keep pace with rival Waymo in autonomous taxis
* Longtime investor Ross Gerber has soured on the stock and is paring back his holdings due to Musk's involvement in right-wing politics
* Musk's companies, including SpaceX and Starlink, face potential consequences from Trump's threat to cut government contracts worth $38 billion
* Some experts believe Musk's high-profile falling out with Trump could help rehabilitate him in the eyes of critics who turned against him over his previous closeness to the president
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