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Trump, Musk feud causes major Tesla market drop

Trump and Musk feud over electric vehicle tax credits, causing Tesla’s market value to plunge by $152.4 billion.

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Trump and Musk feud over electric vehicle tax credits, causing Tesla’s market value to plunge by $152.4 billion.

In Short:
Trump and Musk’s heated argument over policy led to a major rift, with Musk accusing Trump of ingratitude despite his past support. This dispute caused Tesla’s market value to plummet by $152.4 billion, highlighting shifts in political relationships and their economic implications.

President Trump and Elon Musk engaged in a heated exchange of insults on Thursday, leading to a significant rift in their relationship.

Trump accused Musk of experiencing “Trump derangement syndrome,” suggesting that Musk’s criticism of his legislative agenda stemmed from the repeal of electric-vehicle tax credits.

Musk, who invested heavily to support Trump’s election bid, retaliated by stating that Trump was ungrateful and implied that he would not be president without Musk’s backing.

This public dispute resulted in a notable decline in Tesla’s market value, which dropped by approximately $152.4 billion—the largest single-day decline recorded for the company.

Big, beautiful bill

The conflict was sparked by Musk’s vocal opposition to Trump’s proposed “one big, beautiful bill.” The legislation seeks to extend and expand tax cuts, while also allocating funds for border enforcement and the military, all of which are partially offset by cuts to Medicaid, food aid, and clean-energy tax credits.

The fallout from this exchange highlights the changing dynamics in American political relationships, particularly in the context of influential figures such as Musk and their impact on policy discussions and market behaviour.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Marketers struggle to find right creative partners

80% of marketers pitch agencies, but finding the right creative partner is increasingly challenging; AI may offer solutions.

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80% of marketers pitch agencies, but finding the right creative partner is increasingly challenging; AI may offer solutions.


A new report reveals that while 80% of marketers now run their own agency pitches, many admit the search for the perfect creative partner is tougher than ever.

Darren Woolley from TrinityP3 explains what’s driving the shift and how AI could help.

#Marketing #Advertising #Agencies #BrandStrategy #AI #TrinityP3 #CreativeIndustry #DarrenWoolley #Pitching #Media #Business


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Trump royally welcomed to Japan

Trump’s Asia tour launches in Japan with investment pledges, heading to South Korea for a trade truce with China.

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Trump’s Asia tour launches in Japan with investment pledges, heading to South Korea for a trade truce with China.


President Trump’s Asia tour begins with a warm welcome in Japan and major investment pledges, as he heads to South Korea aiming to secure a trade war truce with China.

#Trump #Asia #Japan #SouthKorea #China #Trade #XiJinping #Diplomacy #WhiteHouse #USPolitics #GlobalTrade


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Trump delays Putin meeting amid fear of long war ahead for Europe

Trump delays Putin talks until Ukraine peace advances, post new U.S. sanctions on Russia’s oil firms.

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Trump delays Putin talks until Ukraine peace advances, post new U.S. sanctions on Russia’s oil firms.


President Trump has postponed talks with Vladimir Putin until meaningful progress is made on Ukraine peace negotiations, following new U.S. sanctions on Russia’s top oil firms.

Oz Sultan from Sultan Interactive Group join for more.

#Trump #Putin #Ukraine #Russia #Sanctions #Oil #Diplomacy #China #India #USPolitics #ForeignPolicy #WhiteHouse


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