Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    Gen V Season 2 trailer
    Videos

    Gen V Season 2 Trailer Cast, Plot, Premiere Details

    July 26, 2025 3 Min Read
    IShowSpeed Daniel La Belle race
    Videos

    IShowSpeed Beats Daniel La Belle in 40-Meter Race, Hits 41M Subscribers

    June 24, 2025 2 Min Read
    Cardi B new single Outside
    Videos

    Cardi B’s ‘Outside’ Single Sparks Buzz Over Offset and Stefon Diggs

    June 20, 2025 2 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: Wall Street Dips as Tesla Falls Amid Trump-Musk Feud Over Tax Bill
PhotoNews PakistanPhotoNews Pakistan
Font ResizerAa
Search
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Have an existing account? Sign In
Follow US
© 2022 Photonews. All Rights Reserved.
Tesla affordable Model Y 2025
PhotoNews Pakistan > Business > Wall Street Dips as Tesla Falls Amid Trump-Musk Feud Over Tax Bill
BusinessTop News

Wall Street Dips as Tesla Falls Amid Trump-Musk Feud Over Tax Bill

Web Desk
By Web Desk Published July 1, 2025 3 Min Read
Share
Elon Musk and Tela's emblem. Photo Credit: Yahoo Tech
SHARE

On July 1, 2025, Wall Street retreated from record highs as Tesla shares dropped 5% amid a public feud between President Donald Trump and Elon Musk over a sweeping tax and spending bill. The legislation faces hurdles in the Senate, which could impact market sentiment.

Twenty-five minutes into trading, the Dow Jones Industrial Average rose slightly by 0.3% to 44,214.87, but the S&P 500 fell 0.1% to 6,197.55, and the Nasdaq Composite dropped 0.3% to 20,312.16. Analysts attributed the pullback to an end-of-quarter investment surge and uncertainty over Trump’s “One Big Beautiful Bill,” which proposes $4.5 trillion in tax cuts but cuts social and clean energy programs, adding $3.3 trillion to the U.S. debt.

Wall Street abrió este martes en terreno mixto. Las acciones de Tesla se vieron afectadas después de que Donald Trump sugiriera que el Departamento de Eficiencia Gubernamental debería investigar los subsidios gubernamentales concedidos a las empresas de Elon Musk.… pic.twitter.com/pjGljjaR5G

— NMás (@nmas) July 1, 2025

Trump’s threat to deport Musk and scrutinise Tesla and SpaceX subsidies via the Department of Government Efficiency (DOGE) triggered a 5% drop in Tesla shares. Musk, a former Trump ally and 2024 mega-donor, criticised the bill as “insane” on X, proposing a new “America Party.” Steve Sosnick of Interactive Brokers noted Tesla’s popularity with speculative traders, explaining that its decline dampens the broader market mood.

250,000 rides a week. 10 million total trips. 50 million miles. It’s becoming Waymo’s world—and we’re all just riding in it. 🔗 https://t.co/fCucZoZnjs pic.twitter.com/OYi55rHFJ8

— The Wall Street Journal (@WSJ) June 1, 2025

Amid the downturn, Boeing gained 0.8% after appointing Jesus “Jay” Malave as chief financial officer, previously with Lockheed Martin, and confirming Stephen Parker as head of its defence and space division. These leadership changes signal Boeing’s efforts to stabilise operations, boosting investor confidence despite the broader market’s struggles.

Read: Trump Hints at Deporting Elon Musk Amid Feud Over Tax Bill

The Trump-Musk feud over the tax bill, combined with Senate debates, creates uncertainty that impacts Wall Street and Tesla’s valuation. The bill’s potential to reshape fiscal policy and cut clean energy subsidies affects industries and investors. Boeing’s gains highlight corporate resilience, but the market’s volatility underscores broader economic and political tensions in 2025.

TAGGED:Featured
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Advertisement

HBL Saving Made Easy
HBL Saving Made Easy

Recent Posts

TLP Protest 2025

Islamabad and Rawalpindi Reopen After TLP Protest Clearance

Bella Hadid Lyme disease

Bella Hadid Undergoes Intensive Lyme Disease Treatment in Germany

AFP Imposes Lifetime Ban on Salman Butt

AFP Imposes Lifetime Ban on Arshad Nadeem’s Coach

Post Archives

More Popular from Photonews

tennis heat Shanghai Wuhan 2025
Sports

Extreme Heat Challenges Tennis Stars at 2025 Shanghai Masters and Wuhan Open

2 Min Read
Pakistan Army corneal transplant
Offbeat

Pakistan’s First Female Corneal Transplant Saves Soldiers’ Vision

2 Min Read
Sanam Javed kidnapping
Khyber Pakhtunkhwa

Pakistan PTI Activist Sanam Javed Allegedly Kidnapped, FIR Registered

2 Min Read
Pakistan

Khawaja Asif Accuses PTI of Sheltering Taliban

Pakistan's Defence Minister Khawaja Asif accused Imran Khan, the founder of Pakistan Tehreek-e-Insaf (PTI), of bringing…

October 10, 2025
Entertainment

Taylor Swift Admits Viral 2023 Fourth of July Post Predicted Travis Kelce Romance

In a SiriusXM The Morning Mash Up interview on October 7, 2025, Taylor Swift revealed that her viral 4th of July post unexpectedly predicted…

October 7, 2025
Tech

Tesla Unveils Affordable Model Y in 2025 to Combat Falling Sales

Tesla plans to unveil an affordable version of its top-selling Model Y SUV on October 7,…

October 7, 2025
Sports

Cristiano Ronaldo Sets Record for Most Penalty Misses in Football History

Cristiano Ronaldo has set an unwanted record for the most missed penalties in football, with a…

October 13, 2025
PhotoNews Pakistan

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Categories

  • World
  • Pakistan
  • Punjab
  • Sindh
  • Khyber Pakhtunkhwa
  • Balochistan
  • Azad Jammu Kashmir

 

  • Top News
  • Business
  • Entertainment
  • Sports
  • Videos
  • Tech
  • Offbeat
  • Blog

© 2024 Phototnews
All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?