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Benzinga
Benzinga
Business
Vaishali Prayag

What's Going On With Tesla Shares Today?

Scottsdale,,Arizona,-,Aug.,08,2023:,A,New,Tesla,Optimus

Tesla Inc. (NASDAQ:TSLA) shares are trading lower Tuesday amid disagreements between CEO Elon Musk and President Donald Trump. Additionally, Tesla registrations in Sweden and Denmark fell during June.

What To Know: The drop in Tesla shares follows Musk's vocal opposition to Trump's proposed federal spending bill, which Musk called a "disgusting abomination" on social media. Musk warned that if the bill passes, he would form a new political faction, the "America Party." In response, Trump criticized Musk's reliance on federal subsidies, implying Tesla’s survival is tightly linked to government support.

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