Tesla fell about 6%, and Musk said: Trump should choose between the "Big Ugly" and the "Skinny and Beautiful" bills

Wallstreetcn
2025.06.05 16:36
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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