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Trump–Musk feud impact: Tesla shares slump nearly 6% as political fallout deepens, subsidy threats spook investors
Tesla shares plummeted following a renewed feud between Elon Musk and Donald Trump, sparking fears of political retaliation and impacting investor confidence. Trump threatened to cut subsidies and contracts for Musk's companies, while Musk hinted at forming a new political party. Simultaneously, Tesla faces declining market share in China due to increased competition, further pressuring the stock.
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