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Stock Track | Direxion Daily TSLA Bull 2X Shares Plummets 14.31% as Musk-Trump Feud Reignites

The Direxion Daily TSLA Bull 2X Shares plummeted 14.31% in pre-market trading on Tuesday, as Tesla's stock came under pressure following a renewed public spat between CEO Elon Musk and President Donald Trump. The leveraged ETF, which aims to deliver twice the daily performance of Tesla stock, amplified the negative sentiment surrounding the electric vehicle maker.The feud reignited after Musk criticized Trump's "Big Beautiful Bill," calling it "utterly insane and destructive" due to its potenti

Stock Track | Direxion Daily TSLA Bull 2X Shares Plummets 14.31% as Musk-Trump Feud Reignites

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The leveraged ETF, which aims to deliver twice the daily performance of Tesla stock, amplified the negative sentiment surrounding the electric vehicle maker.</p>\n\n<p>The feud reignited after Musk criticized Trump's \"Big Beautiful Bill,\" calling it \"utterly insane and destructive\" due to its potential to significantly increase the national debt. In response, Trump suggested on Truth Social that the Department of Government Efficiency (DOGE) should investigate the subsidies received by Musk's companies. The president claimed that without these subsidies, Musk \"would probably have to close up shop and head back home to South Africa.\"</p>\n\n<p>Investors are concerned that the escalating conflict could potentially impact Tesla's access to government contracts and subsidies, which have been crucial for the company's growth. The situation has also raised questions about the future of electric vehicle tax credits, a key driver of Tesla's sales. 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In response, Trump suggested on Truth Social that the Department of Government Efficiency (DOGE) should investigate the subsidies received by Musk's companies. The president claimed that without these subsidies, Musk \"would probably have to close up shop and head back home to South Africa.\"\nInvestors are concerned that the escalating conflict could potentially impact Tesla's access to government contracts and subsidies, which have been crucial for the company's growth. The situation has also raised questions about the future of electric vehicle tax credits, a key driver of Tesla's sales. 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