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Wedbush's senior analyst Dan Ives commented that Musk has always been Tesla's greatest asset. However, his deepening involvement in politics could create new distractions that weigh on the company's stock performance.
President Trump responded by mocking Musk's party ambitions, calling them ridiculous. He also raised concerns about a potential conflict of interest, pointing to Musk's ally—once appointed to lead NASA—whose ties to the space industry could now be seen as problematic.
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
Indices Rising: Dow Jones Up 0.43%, S&P 500 Up 0.27%, Nasdaq Up 0.09% Nvdia Ends Trading with Historical Valuation, Exceeding $4 Trillion Delta Positive Outlook Stimulates Aviation and Transport Sectors
Trump Announces 50% Copper Tariff Announces New Tariffs on Semiconductors, Pharmaceuticals President Trump Says Talks with EU, China Are Making Progress Japan, South Korea Work Hard to Minimize Tariff Damage
Symbolically, it was on July 4, Independence Day, that Donald Trump signed what he himself called the "Big Beautiful Bill," which, according to the White House, will "fulfill campaign promises."
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