Tesla Drops 4.68%: Musk's Trump Critique & Tax Cuts Impact
Friday, Jun 6, 2025 4:04 am ET1min read
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Tesla, Inc. plunged 4.68% in premarket trading due to Musk's strong opposition to Trump's spending bill, which could eliminate tax credits for some TeslaTSLA-- models and other electric vehicles, potentially impacting the company's annual profits by approximately $1.2 billion. Additionally, Tesla's sales in China and Europe have declined, affecting its international sales performance.
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