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Trump is considering selling his Tesla after feuding with Elon Musk
TeslaTesla(US:TSLA) Business Insiderยท2025-06-06 14:56

Core Points - President Trump is considering selling or giving away his Tesla Model S, which has a list price of approximately $80,000 [1] - The relationship between Trump and Musk has deteriorated significantly since Trump publicly supported Tesla during a White House event [2][3] - A public feud erupted between Musk and Trump, leading to a significant drop in Tesla's stock price, which fell 14% in one day, resulting in a loss of $138 billion in market valuation [4] Company and Industry Summary - Trump selected the Model S during a promotional event with Musk, indicating initial support for Tesla amidst declining stock prices and protests against Musk's actions [2] - Musk criticized Trump's tax policies, prompting Trump to suggest cutting government subsidies for Musk's companies, which has negatively impacted Tesla's stock performance [4] - A study indicated that the resale value of used Tesla Model S vehicles has decreased more than any other model over the past year, reflecting a broader trend of declining used Tesla prices [5]