Elon Musk Gets Big Jolt Due to Dispute With Us President Trump, Market Value of Tesla Declines Us 150 Billion

The disputes between American President Donald Trump and Billionaire Elon Musk have been affected by the markets. It has also suffered a loss to Musk’s electric vehicle (EV) company Tesla. Tesla’s share price has declined drastically. It is feared that Trump’s displeasure may reduce the business of companies like Musk’s Tesla and Spacex.

America is a major market for Musk’s companies. A dispute with Trump -led US government may have an impact on the billions of dollars of Spacex’s rocket company Spacex due to a dispute. Tesla’s stock has fallen by 14 percent on Thursday. This has reduced the company’s market capitalization of about $ 150 billion (about Rs 1,28,621 crore). Musk replied with posts on social media to be condemned by Trump. Musk is opposing Trump’s tax bill. Trump alleges that the major reason for opposing this bill of Musk is not getting tax benefits on the purchase of electric vehicles.

The dispute with Trump may lead to the interruptions of Musk’s Tesla and other companies. America’s transportation department regulates the design standard of the vehicle and the new launch of Tesla can be affected. The company’s driver-assistance software is also being investigated in the US. Market Analysts say Tesla’s stock is being damaged by Musk’s politics.

In India too, Tesla is preparing to start business in India soon. However, Musk also expressed displeasure over more import duty in the country. Tesla’s first showroom can be opened in Mumbai. In EV’s international market, Tesla is getting a tough competition from companies like China’s byd. The company is also hiring drivers in the capital Delhi and Mumbai for testing its ‘Autopilot’ system. These drivers will act as ‘prototype vehicle operators’. Their responsibility will be to raise important data through driving to engineering vehicles in real local conditions. The selected drivers will have to collect data through Tesla’s advanced sensor mechanism.