Impact of Trump's Policies: Tesla Stock Price Falls, Space Company Stocks Rise

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SoSo Daily May 23 | Bitcoin Spot ETF saw a total net inflow of 934.74M USD yesterday, marking a 7 days of consistent inflow

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Bloomberg

294Words

Jan 21, 2025

Tesla's stock price fell, while space company stocks rose. On Tuesday, the stock prices of Tesla and other electric vehicle manufacturers declined significantly, while the stocks of space companies surged. This change occurred after President Trump announced a series of policies that could have a broad impact on the market. Trump ordered his administration to consider canceling subsidies and related policies for electric vehicles, putting pressure on Elon Musk's company. Additionally, he announced plans to impose a 25% tariff on Mexico and Canada by February 1, and promised during his inauguration speech on Monday to send American astronauts to Mars.

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Bitcoin Spot ETF saw a total net inflow of 934.74M USD yesterday, marking a 7 days of consistent inflow

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