Di Yi Cai Jing·2025-06-06 04:09Core Viewpoint - The recent public feud between Tesla CEO Elon Musk and former President Donald Trump coincided with a significant drop in Tesla's stock price, raising concerns about the company's future amidst potential policy changes affecting electric vehicle subsidies [2][3]. Group 1: Stock Performance - On June 5, Tesla's stock price fell by 14.26%, closing at $284.7 per share, resulting in a market value loss of over $150 billion [2]. - This decline followed a previous significant drop on March 10, referred to as "Black Monday," indicating a volatile stock performance linked to external events [6]. Group 2: Legislative Impact - The "One Big Beautiful Bill" proposed by the Trump administration aims to cut electric vehicle subsidies, which could severely impact Tesla's profitability [2][3]. - The bill is set to eliminate federal tax credits for electric vehicles by 2027, with specific reductions in tax credits for new and used electric vehicles occurring in 2024 and 2026, respectively [3]. - Analysts from JPMorgan estimate that the removal of the $7,500 tax credit could lead to a $1.2 billion profit loss for Tesla in 2024, representing 19% of its earnings before interest and taxes [4]. Group 3: Sales Challenges - Tesla's global deliveries fell by 13% year-over-year in Q1, totaling 336,700 vehicles, marking the lowest quarterly delivery since Q2 2022 [4]. - In the Chinese market, Tesla's wholesale sales are projected to decline by 15% year-over-year in May 2025, continuing a downward trend for eight consecutive months [4]. - Sales in Europe are also struggling, with significant year-over-year declines reported in key markets: over 45% in the UK, 36.2% in Germany, 67% in France, and 20.32% in Italy [5]. Group 4: Market Sentiment - Tesla's stock price has historically been influenced by the relationship between Musk and Trump, with a notable increase of 14.75% in stock price following Trump's election as the 47th president [5]. - However, the ongoing "Boycott Tesla" movement and political controversies surrounding Musk have led to negative market reactions, contributing to stock price volatility [6].