Tesla fell about 6%, and Musk said: Trump should choose between the "Big Ugly" and the "Skinny and Beautiful" bills
Tesla's stock price fell by about 6%, with a cumulative decline of about 12% over the past five days. Musk criticized the tax legislation proposal supported by Trump, arguing that the proposal retained provisions that cut incentives for electric vehicles and photovoltaics while failing to reduce subsidies for oil and gas. He stated that legislation cannot be both big and beautiful, and a choice must be made between a "big ugly" and a "skinny and beautiful" bill
Tesla fell 5.9%, with a cumulative decline of about 12% over the past five days. U.S. President Trump responded to Musk's criticism of the U.S. tax legislation proposal. In response, Tesla CEO Musk stated on his own social media platform, "Whatever." Musk pointed out that the tax law proposal retains provisions for cutting electric vehicle and photovoltaic incentives while not addressing subsidies for oil and gas (which is very unfair). Throughout the history of civilization, there has never been a piece of legislation that is both big and beautiful. Everyone knows that. You either get a "big ugly" bill or a "skinny and beautiful" bill; the latter is the way out.
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