Latest news with #Musk-Trump
Economic Times
6 days ago
- Business
- Economic Times
tsla: Elon Musk's net worth dips by $14 Billion in a single day, Here's what investors are saying
Wall Street Grows Wary of Musk's Political Maneuvers Elon Musk Net Worth Takes a Major Hit ADVERTISEMENT Tesla's Sales and Shareholder Confidence Slipping ADVERTISEMENT Musk-Trump Rift Adds Fuel to the Fire The America Party: Strategic Move or Political Overreach? ADVERTISEMENT Musk Political Party Yet to Find Favor Among Investors FAQs Why did Elon Musk lose $14 billion in a single day? What is the 'America Party'? Tech billionaire Elon Musk, known for his sweeping influence in both the corporate and political arenas, suffered a sharp blow to his personal wealth and business standing on Monday. With Tesla shares tumbling 7 per cent, Musk's net worth fell by approximately $14 billion in a single day—an erosion tied closely to Wall Street's growing unease over his escalating political drop follows Musk's announcement of a new political outfit, the 'America Party,' and his increasingly public rift with U.S. President Donald Trump, a development that analysts say has distracted from Tesla's core business performance, as per a report by announcement of Musk's political venture comes at a time of volatility in the electric vehicle (EV) sector and heightened scrutiny of regulatory frameworks under the Trump administration. In a client note issued Monday, William Blair analyst Jed Dorsheimer downgraded Tesla stock from 'Buy' to 'Hold,' citing what he called a 'less favourable federal regulatory credit environment' resulting from recent legislation.'Investors are growing tired of the distraction,' Dorsheimer wrote, referring to Musk's increasing political theatrics and public feuds. The sentiment was echoed across trading desks, with Tesla's shares plunging by $24 apiece during an otherwise uneventful day for the broader Tesla's market value taking a dip, Musk's personal wealth—which remains the largest in the world—now stands at $391 billion, down from $405 billion the previous day, according to Forbes estimates. Despite the decline, he still maintains a commanding lead of over $100 billion compared to the next richest net worth slide comes amid a 32% drop in Tesla stock since President Trump's second term began—a stark contrast to the 4% gain logged by the S&P 500 benchmark in the same struggle is not confined to the stock market. Analysts at J.P. Morgan reported Monday that the company is headed toward its worst annual vehicle delivery numbers since 2022. Data from the first two quarters of 2025 reveal significant declines in deliveries, attributed in part to waning public sentiment towards Musk polling data compiled by Silver Bulletin indicates that 55% of Americans now hold an unfavourable view of Musk, up from 45% at the end of last year. The souring of opinion spans party lines—Democrats, Republicans, and independents alike have all expressed declining confidence in the Tesla CEO, as per a report by Forbes.'The concern isn't just political,' noted Wedbush analyst Dan Ives, a long-time supporter of Tesla stock. 'Musk diving deeper into politics and now trying to take on the Beltway establishment is exactly the opposite direction that Tesla investors and shareholders want him to take.'Initially viewed as a strategic alliance between two high-profile power players, the Musk-Trump relationship has deteriorated rapidly over the past few weeks. Musk reportedly contributed $288 million toward Trump's re-election campaign last year, positioning himself as a key political their alignment began to unravel following disagreements over Trump's recently signed fiscal package, which the Congressional Budget Office warns could expand the national debt by $3.4 trillion. Their feud reached a public climax last week when Trump labelled Musk a 'TRAIN WRECK' in a scathing post, while Musk retaliated by accusing the Trump administration of misrepresenting the controversial Epstein Files—a post he later launch of the 'America Party' is seen by some observers as an effort to channel public dissatisfaction into political capital. However, financial markets appear unconvinced, interpreting the move as a distraction from Tesla's operational priorities at a time when competition in the EV market is a twist of irony, Musk's losses on Monday—nearly $14 billion—were nearly equivalent to the total market capitalization of Rivian, Tesla's closest American rival in the EV Musk doubles down on political ambition, industry watchers and financial analysts are raising alarms over the implications for Tesla's long-term trajectory. With analysts now sounding cautionary notes and shareholders increasingly vocal in their discontent, questions remain about how Musk plans to balance corporate leadership with his emerging political the 'America Party' may yet shape U.S. political dynamics, its immediate impact on investor sentiment has been unambiguously negative. For now, the market message is clear: stakeholders would prefer the world's richest man to steer clear of Capitol Hill and return focus to the factory personal wealth dropped by approximately $14 billion on Monday, July 7, 2025, after Tesla shares fell by 7%. This sharp decline is tied to investor concerns over Musk's growing political involvement, particularly the launch of his new political outfit, the 'America Party.'The 'America Party' is a new political movement launched by Elon Musk. Although full details remain limited, it appears to be Musk's attempt to influence U.S. politics independently, diverging from traditional party lines and challenging political norms—an effort many investors view as a distraction from his business priorities.
Miami Herald
01-07-2025
- Business
- Miami Herald
Apple's next AI move could change everything for Siri
Siri, we need to talk! Apple's (AAPL) once-glorified assistant has fallen way behind flashier AI like ChatGPT, Gemini, and Claude. Don't miss the move: Subscribe to TheStreet's free daily newsletter These days, it seems it's stuck in 2015, while other AI models rewrite the game. Apple's assistant continues tinkering with features but rarely delivers the lightning-quick, context-aware replies we're seeing on ChatGPT-powered platforms. However, after years of stunted updates and stiff competition from Google, OpenAI, and Amazon, Siri is potentially on the brink of a reinvention, redefining Apple Intelligence in the process. So here we are: Siri, would you reinvent yourself with an AI ringer behind the curtain? Whispers suggest this gamble could pay off and finally turn Apple stock's fortunes around. Siri was arguably Apple's secret sauce. It felt ahead of its time, a futuristic sidekick that wowed users back in 2011. Talking to your phone at the time felt like something straight out of a sci-fi flick. It made stuff like reminders, texts, and smart home tricks hands-free long before anyone else really nailed it. Fast forward to now, and Siri's crown has slipped. At the same time, ChatGPT, Gemini, Claude, and Grok have all evolved into sharp, context-savvy bots. Apple tried to turn things around with its massive "Apple Intelligence" rebrand in mid-2024, backed by savvy on-device models and proactive help. Related: Tesla stock sinks fast as Musk-Trump clash turns ugly However, by Apple's Worldwide Developer's Conference 2025, Siri was basically missing in action, with Apple hyping new real-time translation and visual lookup. Even Marketing SVP Greg Joswiak admitted Siri flopped quality checks this cycle, a major letdown for Apple users and stockholders alike. Meanwhile, rivals like Anthropic's Claude and OpenAI's ChatGPT have surged ahead in generative smarts. However, it looks like Apple's finally ready to flip the script. Recent reports suggest that Siri's brain power could potentially be outsourced, marking a major U-turn for a company that has looked to build everything in-house. Also, the shake-up follows big leadership moves, too. More Tech Stock News: Veteran Tesla analyst makes boldest robotaxi call yetTesla robotaxi launch hits major speed bumpAmazon aims to crush Elon Musk's Robotaxi AI boss John Giannandrea's out; Mike Rockwell is now steering "Apple Intelligence." Wall Street's into it, with Apple stock in the green. Nevertheless, balancing this pivot with privacy promises could make or break Apple's AI comeback. Apple is exploring a major Siri upgrade, but it might not come from Apple's own AI lab. According to fresh reports, the Cupertino giant is looking to ink deals to power Siri's next chapter with OpenAI or Anthropic. That's a seismic shift for a business that prides itself on developing everything in-house. Apple shares popped 2% on the news, signaling Wall Street likes the idea of Siri finally getting smarter. The company has reportedly asked both OpenAI and Anthropic to train AI models that can run on Apple's cloud servers. That essentially means a much faster rollout and fewer AI hiccups. Related: Gemini, ChatGPT may lose the AI war to deep-pocketed rival It also hints that Apple's own generative AI tech might not be up to snuff. Still, these are early days. Apple's already shelling out billions to run its own models in the cloud starting next year. Hence, the backup plan might just be insurance. It's important to note that this isn't the first time Big Tech has borrowed AI brains. Samsung used Google's Gemini for its smartphones, and Amazon's Alexa tapped Anthropic's Claude. If Apple follows suit, OpenAI or Anthropic could lock in another blue-chip customer, pushing both further ahead in the AI arms race. More importantly, Siri's long-awaited glow-up might actually deliver this time. In addition, Apple stock hasn't had the best of years on the stock market. It's down more than 17% year to date, and close to 18% in the past six months alone. Related: Veteran analyst drops jaw-dropping Tesla stock target The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Time of India
12-06-2025
- Automotive
- Time of India
'No hard feelings': Donald Trump responds to Elon Musk's apology after intense feud; JD Vance tries to ease tensions
Musk-Trump US President Donald Trump has welcomed Elon Musk 's apology following their very public online feud, saying he holds 'no hard feelings' after the billionaire admitted he had gone 'too far' in his criticism. 'I thought it was very nice that he did that,' Trump told the New York Post during an interview on Wednesday, after Musk posted a late-night message on his platform X saying, 'I regret some of my posts about President Donald Trump last week. They went too far.' The spat between the two began last week when Musk unleashed a string of harsh social media comments, accusing Trump of blocking the release of government files related to the pedophile Jeffrey Epstein. Musk also claimed that Trump wouldn't have won the 2024 election without his support and called the president's major tax bill a 'disgusting abomination.' Musk's attacks followed his departure from the government's Department of Government Efficiency (DOGE). After stepping down, he called for Americans to 'kill the bill' in Congress, warning it could 'cause a recession in the second half of the year.' The bill includes tax cuts and increased defence spending and passed the House last month. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với mức chênh lệch giá thấp nhất IC Markets Đăng ký Undo Trump hit back, calling Musk 'crazy' and accusing him of suffering from 'Trump Derangement Syndrome.' He also threatened to review SpaceX 's federal contracts, reportedly worth around $38 billion. Despite the heated exchange, Trump appeared open to reconciliation. 'Look, I have no hard feelings,' he told columnist Miranda Devine on her 'Pod Force One' podcast. 'I was really surprised that that happened. He went after a bill that's phenomenal. I think he feels very badly that he said that, actually.' Efforts to patch things up have already begun behind the scenes. US vice president JD Vance and White House chief of staff Susie Wiles reportedly spoke to Musk on Friday in an attempt to ease tensions. While it remains unclear if Musk personally contacted Trump, some reports suggest he may have called the president earlier this week. Trump declined to say whether he was ready to fully reconcile but left the door open. 'I guess I could, but we have to straighten out the country,' he was quoted as saying to the Post. 'And my sole function now is getting this country back to a level higher than it's ever been. And I think we can do that.' Musk has been a major donor to Trump's campaign and had previously been viewed as a close ally. However, their falling out led to calls for Musk's deportation from former Trump adviser Steve Bannon and sparked debate across political circles.
Yahoo
09-06-2025
- Automotive
- Yahoo
Analysts Diverge on Tesla's Road Ahead Post-Feud
Tesla (NASDAQ:TSLA) stock rebounded after a bruising public spat between CEO Elon Musk and former President Donald Trump knocked about $153 billion off its market value, but analysts are divided on whether the worst is over. While year-to-date TSLA is down nearly 27%, some see a buying opportunity once the dust settles. Barclays' Dan Levy warned that last Thursday's drop may have been a classic sell the news reaction ahead of Tesla's robotaxi launch on June 12, but he argues TSLA hasn't fully priced in near-term headwinds and sticks with a Hold rating and $275 price target (6.8% downside). Levy remains bullish on Tesla's total addressable market for autonomous ride-hailing but cautions that Musk must manage elevated expectations as the robotaxi narrative remains front and center. Oppenheimer's Colin Rusch also holds TSLA at Hold, noting that the Musk-Trump feud could shift the political calculus on EV incentives and autonomous driving regulations, potentially slowing Tesla's AV rollouts even as favorable solar provisions in the looming Senate Budget Bill might buoy its energy business. By contrast, Morgan Stanley's Adam Jonas sees Tesla's core growth driversAI leadership, robotics, manufacturing efficiency and energy solutionsas largely apolitical, and he maintains a Buy rating with a $410 price target (38.9% upside). Jonas believes the upcoming phase-out of federal EV tax credits won't dent Tesla materially and that long-term returns hinge more on execution than on headline risk. Why It Matters: The Musk-Trump fallout has amplified existing EV market jitters and regulatory uncertainty, but Tesla's potential robotaxi launch and diversified growth engines could swing sentiment sharply. This article first appeared on GuruFocus.
Yahoo
09-06-2025
- Automotive
- Yahoo
Analysts Diverge on Tesla's Road Ahead Post-Feud
Tesla (NASDAQ:TSLA) stock rebounded after a bruising public spat between CEO Elon Musk and former President Donald Trump knocked about $153 billion off its market value, but analysts are divided on whether the worst is over. While year-to-date TSLA is down nearly 27%, some see a buying opportunity once the dust settles. Barclays' Dan Levy warned that last Thursday's drop may have been a classic sell the news reaction ahead of Tesla's robotaxi launch on June 12, but he argues TSLA hasn't fully priced in near-term headwinds and sticks with a Hold rating and $275 price target (6.8% downside). Levy remains bullish on Tesla's total addressable market for autonomous ride-hailing but cautions that Musk must manage elevated expectations as the robotaxi narrative remains front and center. Oppenheimer's Colin Rusch also holds TSLA at Hold, noting that the Musk-Trump feud could shift the political calculus on EV incentives and autonomous driving regulations, potentially slowing Tesla's AV rollouts even as favorable solar provisions in the looming Senate Budget Bill might buoy its energy business. By contrast, Morgan Stanley's Adam Jonas sees Tesla's core growth driversAI leadership, robotics, manufacturing efficiency and energy solutionsas largely apolitical, and he maintains a Buy rating with a $410 price target (38.9% upside). Jonas believes the upcoming phase-out of federal EV tax credits won't dent Tesla materially and that long-term returns hinge more on execution than on headline risk. Why It Matters: The Musk-Trump fallout has amplified existing EV market jitters and regulatory uncertainty, but Tesla's potential robotaxi launch and diversified growth engines could swing sentiment sharply. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
