Tesla's Stock Plunges After Donald Trump Tweets His Disapproval

Tesla's stock price plunged by 10% on Monday after former President Donald Trump tweeted his disapproval of the electric car maker.

Trump's tweet, which was sent to his more than 80 million followers, said that "Tesla is a scam" and that "their cars are overpriced and unreliable."

The tweet came as a surprise to many investors, as Trump had previously praised Tesla and its CEO, Elon Musk.

In a statement, Tesla said that it was "disappointed" by Trump's tweet and that it "stands by its products and its mission to accelerate the world's transition to sustainable energy."

The stock market's reaction to Trump's tweet was swift and severe. Tesla's stock price fell by more than 10% in the hours after the tweet was sent.

The decline in Tesla's stock price wiped out more than $100 billion in market value. It also pushed Tesla's stock price below $1,000 per share for the first time since August 2020.

The decline in Tesla's stock price is a sign of the growing political polarization in the United States.

Trump's supporters are increasingly likely to view Tesla and other electric car makers as symbols of the left-wing agenda.

This polarization is likely to continue in the run-up to the 2024 presidential election.

Coinbase and Cryptocurrency

Coinbase, one of the world's largest cryptocurrency exchanges, has seen its stock price plummet by more than 80% since its peak in November 2021.

The decline in Coinbase's stock price is due to a number of factors, including the recent decline in the price of Bitcoin and other cryptocurrencies.

Bitcoin, the world's largest cryptocurrency, has fallen by more than 70% since its peak in November 2021.

The decline in the price of Bitcoin has led to a decline in the trading volume on Coinbase and other cryptocurrency exchanges.

Coinbase has also been hurt by the recent regulatory crackdown on cryptocurrency exchanges.

In the United States, the Securities and Exchange Commission (SEC) has been investigating Coinbase for possible violations of securities laws.

The SEC's investigation is likely to continue for some time, and it could lead to Coinbase being fined or even shut down.

The decline in Coinbase's stock price is a sign of the growing regulatory uncertainty surrounding the cryptocurrency industry.

It is unclear how the SEC's investigation will affect Coinbase and other cryptocurrency exchanges.

However, it is clear that the regulatory landscape for cryptocurrency exchanges is changing rapidly.