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Core Viewpoint - Tesla's stock price has significantly declined due to the public feud between CEO Elon Musk and former President Donald Trump, alongside concerns over the "One Big Beautiful Bill" which is expected to reduce electric vehicle subsidies [1][2]. Group 1: Stock Performance and Market Impact - On June 5, 2025, Tesla's stock fell by 14.26%, closing at $284.7 per share, resulting in a market value loss of over $150 billion [1]. - The stock price has been closely linked to the political dynamics between Musk and Trump, with previous increases in stock value following positive political developments [5]. Group 2: Legislative Changes and Financial Implications - The "One Big Beautiful Bill" passed with a narrow margin and aims to eliminate federal subsidies for electric vehicles, which could severely impact Tesla's profitability [2][4]. - Analysts estimate that the removal of the $7,500 tax credit could lead to a $1.2 billion profit loss for Tesla, representing 19% of its 2024 EBIT [4]. Group 3: Sales Challenges - Tesla is facing significant sales challenges, with a 13% year-over-year decline in global deliveries in Q1 2025, marking the lowest quarterly delivery since Q2 2022 [3][4]. - In the Chinese market, Tesla's wholesale sales are projected to drop by 15% year-over-year in May 2025, continuing a downward trend for eight consecutive months [4]. - Sales in Europe are also declining, with significant drops in new car registrations across major markets: UK (-45%), Germany (-36.2%), France (-67%), and Italy (-20.32%) [4].