GOP's megabill impact on Elon Musk empire

Market Performance & Stock Impact - Tesla shares are down 45%, on track for a six-day losing streak, the worst since February, and down about 13% at this time [2] - Tesla has fallen below $1 trillion in market capitalization for the first time since early last month, and is down 25% this year [3] - Tesla has overtaken Apple as the worst-performing stock this year, with Apple down 17% [3] Government Funding & Policy Impact - Since 2003, Musk's companies have received approximately $23 billion in federal funding [5] - Musk's empire could miss out on an estimated $48 billion in federal funds over the next decade [6] - The tax bill eliminates tax credits for EVs, which is a significant incentive for Tesla and other EV buyers [7] - The government may scrutinize Tesla's robotaxi ambitions more closely, especially after reports of malfunctions in Austin [8] Executive & Political Dynamics - The President addressed Elon Musk's criticism of the spending bill [1] - The President implied he could cut Musk's company contracts [7][10] - Musk criticized the deficit and debt spending aspects of the spending bill [4] - Trump threatened to turn Doge against Musk and potentially cut federal contracts [7][10]