Musk and Trump Clash Impacts Tesla Stock

According to BlockBeats, tensions between Elon Musk and U.S. President Donald Trump have escalated, resulting in a public dispute on social media. Musk claimed that Trump would not have become president without his support, while Trump retorted that Musk has "gone mad."The conflict arose after Musk openly opposed the Trump administration's "Big and Beautiful Act," arguing that it would increase the fiscal deficit and reduce electric vehicle tax credits, adversely affecting Tesla. As their disagreement became public, Tesla's stock suffered significantly, with investors selling off shares due to concerns about the company's future.On June 5, Tesla's stock price dropped over 17% during trading and closed down more than 14%, wiping out over $150 billion in market value. This situation caught the attention of BiyaPay users, who quickly responded by converting USDT to USD on the platform to short Tesla stock, capitalizing on the price drop to make profitable decisions in a volatile market.BiyaPay allows users to easily convert USDT to USD and trade U.S. stocks, including shorting popular stocks like Tesla, without needing offshore accounts. The significant decline in Tesla's stock price provided an ideal opportunity for many BiyaPay users to earn substantial returns.This incident highlights how BiyaPay's convenient trading services and liquidity support can help users profit from rapid market changes influenced by political and market volatility. As more investors engage in U.S. stock trading through BiyaPay, the platform offers a diverse and flexible range of investment options for global users.