MuskTrump

The Unfolding Drama Between Musk and Trump: What It Means for Tesla The world of electric vehicles is never dull, is it? Recently, shares of the electric vehicle (EV) manufacturer Tesla soared about 6% on a vibrant Friday, reaching around $302.55. However, the stock is still on a downward spiral, registering a 26% decrease for the entirety of the year. So, what’s behind these fluctuations? And how are the personal dynamics between influential figures like Elon Musk and Donald Trump affecting Tesla's financial outlook? The…

“I give this relationship no more than six months,” quipped Peter Brown, the Managing Director of Baggot Investment Partners based in Dublin. The man knows a thing or two about market dynamics. It seems he’s not the only one with these reservations. With Donald Trump stepping into the presidential limelight just last Monday, financial markets braced themselves for a whirlwind of changes across nearly every conceivable sector—stocks, foreign exchange, and cryptocurrencies all poised for a shakeup. And then there’s the Musk…