Elon vs. Trump Feud Sends Crypto into Tailspin—Tesla Shares Nosedive 15%

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2025-06-06 12:00:00

The crypto market bled out today as a public spat between Elon Musk and former President Trump escalated into a full-blown financial shockwave. Bitcoin cratered 12% overnight—dragging altcoins down with it—while Tesla stock got caught in the crossfire.

Market carnage spreads

Traders panicked as Musk's cryptic 'thermonuclear meme' tweet clashed with Trump's pledge to 'ban all unstable digital currencies.' The resulting sell-off wiped $200B from crypto's total market cap before noon EST.

Silver lining for degens?

Some opportunistic whales are already scooping up discounted BTC—because nothing says 'sound investment strategy' like gambling on billionaire ego wars. Meanwhile, Tesla shareholders are left holding the bag after its third double-digit drop this quarter.

The crypto market and Tesla stock both saw major drops after a public feud between Elon Musk and Donald Trump sparked panic. it led to over $1 billion in crypto liquidations. Tesla stock price is down by 14.26% within a day, it lost $153 billion in market value. The... Read More

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