Who will matter more for Elon Musk and Tesla: Donald Trump or Xi Jinping?

Tesla shares plummeted following escalating tensions between Elon Musk and Donald Trump, compounded by declining vehicle deliveries. Musk’s launch of the “America Party” further unsettled investors, already concerned about Trump’s potential impact on Tesla’s subsidies and Musk’s divided attention. Tesla faces challenges in China, losing market share to domestic competitors like BYD and Xiaomi.