Market Turmoil as Trump-Musk Feud Sparks Billionaire's Downturn
TL;DR Summary
A feud between Donald Trump and Elon Musk caused a 14% drop in Tesla shares, erasing $150 billion in market value, amid broader market concerns ahead of U.S. payrolls data and potential economic impacts. The markets also reacted to geopolitical tensions, trade talks, and European Central Bank rate decisions, with investors cautious about upcoming economic indicators.
- Morning Bid: Trump-Musk feud shakes markets pre-payrolls Reuters
- Tesla climbs in premarket trading as stock reels from Trump-Musk drama CNBC
- Musk Blinks First in Bitter Trump Feud That Cost Him $34 Billion Bloomberg
- Stocks on guard for US jobs data, Tesla shares claw back ground premarket Reuters
- Are We Witnessing the Implosion of the World’s Richest Man? Time Magazine
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