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DJIA Concludes Down 108 Pts; Tesla Plummets 14% Amid Musk-Trump Fallout
06 Jun 2025 04:07
While the market weighed the implications of the US and Chinese leaders' phone call and anticipated further trade negotiations, tensions between US President Donald Trump and Tesla (TSLA.US) founder Elon Musk led to a plunge in Tesla's stock, weakening US stocks on Thursday.

The DJIA concluded down 108 points or 0.3%, at 42,319; the Nasdaq sagged 162 points or 0.8%, to 19,298; and the S&P 500 closed down 31 points or 0.5%, at 5,939.

Trump and Musk, once allies, turned against each other, engaging in a public spat on social media. Trump even threatened to terminate government contracts with Musk. Tesla's stock plummeted by as much as 18% to bottom at US$273.21, eventually ending down 14.3% at US$284.68.

Techs were in a mixed bag, with Nvidia (NVDA.US) and Apple (AAPL.US) both down over 1%; Meta (META.US) down 0.5%; Amazon (AMZN.US) up 0.3%; and Microsoft (MSFT.US) up 0.8%.
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AASTOCKS Financial News
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SG Top Picks
Stock & Type Code Strike(Call Level) Last Effective Gearing
TSLA (C) 10688 420 (-) 0.470 3.7 X
TSLA (C) 10591 300 (-) 0.770 3.6 X
TSLA (P) 10692 280 (-) 0.740 2.1 X
TSLA (P) 10604 190 (-) 0.153 3.4 X
Nvidia (C) 10537 165 (-) 0.031 12.6 X
Nvidia (C) 10573 150 (-) 0.211 5.1 X
Nvidia (C) 10615 135 (-) 0.350 4.0 X
Nvidia (P) 10538 116 (-) 0.037 8.6 X
Nvidia (P) 10581 95 (-) 0.048 4.7 X
META (C) 10579 800 (-) 0.490 7.3 X
META (P) 10563 600 (-) 0.350 6.9 X
APPLE (C) 10614 236 (-) 0.093 9.2 X
APPLE (P) 10678 170 (-) 0.146 4.7 X
AMZN (C) 10580 245 (-) 0.124 7.9 X
MSFT (C) 10557 515 (-) 0.188 12.0 X

 

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