economy

Stacker_Stocks

Trump threatens to deport Elon Musk and reignites crisis within the government

Tesla fell 7% today due to the new political clash and closed down 5.34%

![](https://m.stacker.news/98742)

1. Now the fight is under threat of deportation

The tension between Trump and Musk is not new. Musk, who supported Trump in the 2024 campaign and even led the DOGE (Department of Government Efficiency), is now criticizing the government's fiscal direction.

The crisis escalated with a post by Trump on Truth Social:

“Elon's companies, like Tesla and SpaceX, receive billions in federal subsidies – without that, he would have to go back to South Africa. No more rockets or electric cars. Maybe DOGE should look into that!”

![](https://m.stacker.news/98743)


2. Trump does not ignore deportation in interview with journalists

Asked if he would deport Musk, Trump replied: “I don’t know… we’ll have to take a look.”

Musk is a South African who has been a naturalized American since 2002, so the threat sounds more like political provocation, but it impresses investors.



3. The trigger: Trump's spending bill

The pivot of the crisis is a billion-dollar bill, approved in the Senate and now in the House.

The proposal is a priority for Trump, who promises tax cuts, but Musk criticizes the $5 trillion increase in the debt ceiling and suffers from the end of incentives for electric vehicles, such as the $7,500 tax credit, essential for Tesla.



4. Musk: “Spending without a cap? Insane!”

Musk blasted the bill as “insane spending” and accused Congress of leading the US into “debt slavery.” He also said:

“What’s the point of having a cap if it keeps getting higher and higher?”

He also promised to fund campaigns against lawmakers who support the bill.

![](https://m.stacker.news/98744)


5. Bill passed by a narrow margin in the Senate

The Senate approved the proposal by a narrow margin, with a decisive vote from Vice President J.D. Vance.

It now goes to the House and could be sanctioned by July 4.

Among the cuts are environmental subsidies, which could directly impact the electric vehicle sector.


6. Musk’s response: a new party

Musk has threatened to create the “America Party,” a movement to represent the political “center” and break away from the two-party system.

He has also promised to increase investment in the campaigns of candidates aligned with his vision.



7. Tesla feels the impact on the stock market

Tesla shares closed down 5.34% at $300.71, after falling as much as 7% during the session.

The continued decline throughout the year demonstrates investor fears over the possible withdrawal of subsidies for EVs and the political instability involving Musk.

![](https://m.stacker.news/98745)



8. Operational problems worsen the crisis

In addition to the political clash, Tesla faces increasing competition from companies such as BYD and is expected to report a drop in quarterly deliveries tomorrow.

Analysts expect a decline in sales in 2024, the first in years, while Musk promises recovery throughout the year.

New political clash sends Tesla shares down more than 5%

Politics_And_Law

Zohran Mamdani is expected to be the next mayor of New York.
He won the Democratic primary — and since Republicans have no power in the city, this practically guarantees victory in November.
But the surprise was not only on the right.
Until a few days ago, the favorite was Andrew Cuomo, the former governor of the state, known for his more moderate style.
Mamdani turned the tide at the last minute with the support of unions, grassroots activists and the most radical wing of the party.

📍 Who is he?

• Born in Kampala, Uganda, son of Marxist intellectual Mahmood Mamdani
• Grew up between Africa, India and New York
• Became a socialist organizer and entered politics with the DSA (Democratic Socialists of America)

📌 What he advocates:
• Defund the police
• Tax the rich
• Create a “socialist New York”
• Reduce police power in poor and racialized communities
• Link public policies to identity issues: queer liberation, racial justice, etc.

His tweets explain his thinking well:

“We need to defund the police, get them out of matters they have no business in […] and invest the savings in those most impacted by state violence.”

“Together, we can tax the rich, heal the sick, house the poor, defund the police & build a socialist New York.”

🚨 Trump reacted furiously today:

“Zohran Mamdani, a 100% lunatic communist, horrible, annoying voice, not smart… with the support of AOC and other idiots. Our country is SCREWED.”

And he also mocked:

“Put Jasmine Crockett as president, AOC as vice president, Mamdani as mayor. It would be the definitive end of the USA.”

Why is the right really worried?

• Because Mamdani left the niche and reached real power — he will lead the largest city in the country
• Because his history, speech and tweets reinforce the narrative of the “far left taking over”
• Because he has become a symbol of a new cycle: socialism, identity and militancy reaching the mainstream
• And because even moderates in his own party have been run over — which raises red alerts even among Democrats

Zohran Mamdani should be the next mayor of New York.

Over the past three days, the US has bombed nuclear facilities in Iran. Russia has responded by saying there are countries willing to supply Tehran with nuclear weapons. And the Iranian parliament voted to close the Strait of Hormuz, through which about 20% of the world's oil passes.

If the market were truly pricing in a long-term conflict, the impact would be MUCH greater. The blockade of the Strait of Hormuz alone would justify oil above $120, analysts say.

But the most interesting detail is off many people's radar: the uranium ETF (URA) has soared more than 80% since its April bottom.

The market may be ignoring the risk of a long war, but it is not ignoring a possible nuclear escalation.

The market is saying a lot of things

This spending has already surpassed health and defense by more than US$ 300 billion.
It is currently the government's second largest expense, behind only Social Security.

Interest consumes almost 18% of all federal revenue, close to the record of the 1980s, when Fed Funds reached 19%.

The biggest fiscal crisis in the US today is not about the primary deficit. It is about the cost of the debt itself.

![](https://m.stacker.news/97290)

The US is already paying $1.2T/year in debt interest — $3.3B every day.

Israeli-linked hackers have destroyed 95% of the assets of Nobitex, Iran’s largest crypto exchange. Meanwhile, the Iranian attack “that would be remembered for centuries” has failed completely.

![](https://m.stacker.news/97011)


 Nobitex collapses after hacker attack

Israeli group Predatory Sparrow has wiped out $1.7 billion from Iranian brokerage Nobitex.

A true destruction of digital wallets that plummeted from US$1.8 billion to just US$100 million.


Nobitex: key piece to circumvent sanctions

The brokerage was used by the Tehran regime to:

• Evade international sanctions,
• Laundering government money,
• Financing networks linked to the IRGC and the nuclear program.

![](https://m.stacker.news/97013)

![](https://m.stacker.news/97014)


Sensitive documents in Israeli hands

In addition to destroying the funds, hackers gained access to:

• Nobitex source code,
• List of clients linked to the regime,
• Compromising information for the Iranian government.



 Iran threatened a historic attack, but…

Tehran promised there would be an “action that the world would remember for centuries.” The result?

• 25 missiles launched against Israel,
• Zero casualties recorded.

An absolute fiasco for the regime.


Israel's immediate response

Shortly after the failed Iranian attack, Israel carried out:

• Dozens of attacks near Tehran,
• Destruction of ammunition depots,
• Attacks against strategic nuclear centers.


War is now physical, digital and financial

The action against Nobitex shows that the war between Israel and Iran has gone beyond missiles and is now in the digital and financial fields.

Who will be the next target?

Predatory Sparrow attacks Iranian brokerage as Iran fails “historic strike”

 Iranian state media promises “a surprise the world will remember for centuries” later today.

🇺🇸 US troops on high alert at bases in the Middle East

🗣️ Trump is expected to make an important speech

![](https://m.stacker.news/96945)

Meanwhile, odds on Supreme Leader Khamenei leaving power in 2025 have soared to 63% on Polymarket (+39% in 1 month)

![](https://m.stacker.news/96947)

⛽️ Oil price soars more than 5%

In a post on his social media platform Truth Social, the US president said the target was “easy to hit” but that the US “won’t kill him, at least not yet.” Trump also said Washington’s patience was “running out.”

![](https://m.stacker.news/96924)

Donald Trump threatens Irans supreme leader and says he knows where he is hiding

The market has already realized the risk

The likelihood of U.S. military action against Iran before July has jumped from 10% to 67%, according to Polymarket.

Investors are pricing in a major war, not just a passing whiff.

![](https://m.stacker.news/96867)

The Market Already Prices in War: Bets on Conflict with Iran Soar to 67%

• CNN reports that an Iranian official has said the country will step up attacks on Israel and target the regional bases of any country that tries to defend it.

• The Israeli military says its air force bombed a nuclear facility in Iran's Isfahan region.

• The Financial Times editorial board says the conflict between Israel and Iran is “the war that should have been avoided” and that “the world is rightly worried.”

• Israel claims it destroyed bases belonging to the Iranian air force.

• Large fires and columns of smoke have been reported near Mehrabad Airport in Tehran. (Video below)

• Large-scale explosions were heard near Tehran airport.

• One dead and 70 injured in total after ballistic missile attack launched by Iran.

• Reports of sirens and attack in Baghdad.

• Israel says people can now leave shelters as Iranian attack ends.

![](https://m.stacker.news/96498)

🇮🇱🇮🇷 This is the latest news from the war

Israel Reportedly Kills Iran’s Armed Forces Chief, Maj. Gen. Mohammad Bagheri

Security has been beefed up and barriers have been erected around the Israeli embassy in Washington, DC, following the Israeli bombing of Iran.

![](https://m.stacker.news/96383)

![](https://m.stacker.news/96380)


Oil soars over 11% NOW!

Why doesn't the movement stop?

The attack was VERY serious!

These are the latest reports 

![](https://m.stacker.news/96381)

![](https://m.stacker.news/96382)


1️⃣ Israeli officials say there is a “very high chance” that the entire top brass of Iran’s military and several senior Iranian nuclear scientists were killed in tonight’s Israeli strikes, according to CNN.


2️⃣ The AP (Associated Press) reports that the Iranian Revolutionary Guard headquarters is on fire after the Israeli attack.


3️⃣ Iranian state television reports that the head of Iran's Revolutionary Guards is presumed dead following tonight's Israeli strike.


4️⃣ Iran's state television says Deputy Commander-in-Chief of all armed forces General Gholam Ali Rashid has been killed, along with nuclear scientist Fereydoon Abbasi.


5️⃣ Reuters reported that security sources said Iran's supreme leader, Ayatollah Ali Khamenei, is alive.


6️⃣NOW: Iran's state TV said new explosions were recorded at the Natanz nuclear facility following an Israeli strike.


7️⃣ Iran plans to "give a tough and decisive response" to the Israeli strike, an Iranian security source told Reuters.


8️⃣ Israeli Prime Minister Benjamin Netanyahu said that the country is experiencing a decisive moment in its history.

Palantir shareholders right now

This is the view now in Iran

![](https://m.stacker.news/96377)

Update:

Iranian nuclear scientists Fereydoun Abbasi-Davani and Mohammad Mehdi Tehranchi were killed in strikes attributed to Israel.

![](https://m.stacker.news/96374)

![](https://m.stacker.news/96375)

🇮🇷 Initial reports indicate that Israel killed the Chief of Staff of the Iranian Armed Forces, Major General Mohammad Bagheri.

And it didn't stop there.

The targets are also reported to have included the Commander-in-Chief of the Islamic Revolutionary Guard Corps (IRGC), Hossein Salami, and the Commander of the IRGC Aerospace Forces, Amir Ali Hajizadeh — all in Tehran, the capital of Iran.

If confirmed, this could be the largest attack on Iran's military in decades.

![](https://m.stacker.news/96363)


![](https://m.stacker.news/96362)

![](https://m.stacker.news/96361)


![](https://m.stacker.news/96364)

Israeli attacks on Iran continue.

![](https://m.stacker.news/96345)

Oil prices are literally going straight up, now above $72/barrel.

Israel is attacking targets inside Iran and has declared a state of emergency after bombing the Iranian capital.

Markets have already started to react negatively! 

![](https://m.stacker.news/96343)

![](https://m.stacker.news/96344)

Markets fall as Israel strikes targets inside Iran, sparking global concern.

🇮🇷 The Board of Governors of the International Atomic Energy Agency (IAEA) has announced that Iran is in violation of its safeguards obligations under the Nuclear Non-Proliferation Treaty (TNP) .

According to the IAEA, the Iranian regime is:

•Systematically conducting a clandestine nuclear weapons program
•Accumulating highly enriched uranium, which is only needed to make nuclear weapons
•Obstructing the IAEA’s own verification and monitoring efforts

It is the first time in more than 20 years that the IAEA has taken such a strong stance against Iran.


https://x.com/visegrad24/status/1933127934929219973

IAEA: Iran Running Secret Nuclear Weapons Effort, Obstructing Inspections


The graph shows how, between 1993 and 2023, the share of wealth in the hands of the elite grew steadily, while the share of the middle class shrank year after year.

It is a clear portrait of wealth concentration in the United States, with consequences for the country's economic, social and political dynamics.

It is worth noting, however, that real GDP per capita grew by around 66% in the same period.

![](https://m.stacker.news/96153)

Richest 1% in the U.S. now hold more wealth than the entire middle class.

The market reacts in a curious way 🧐

Let's look at the most important macro connections of the moment.

![](https://m.stacker.news/95969)

1. The American fiscal remains under strong pressure 📉

👉🏼 The deficit grows at an unsustainable pace;
👉🏼 Treasury yields open across the curve (T30Y-5 %) ;
👉🏼 Palliative proposals are circulating in Congress to increase taxes on the richest, trying to partially reduce the deficit.

![](https://m.stacker.news/95971)


2. The dollar loses strength even with rising interest rates 💵

Traders have avoided going long on the US currency.

The fear is that fiscal adjustment will end up coming through inflation or devaluation.

This scenario has altered the global flow of protection.

![](https://m.stacker.news/95972)


3. Bitcoin keeps riding this wave. ₿

$BTC is back to $110k, driven by flow and narrative.

• Protection against fiscal deterioration
• Alternative to the traditional system
• Hedge against new taxes and capital controls

![](https://m.stacker.news/95973)


4. Scenario that generated a historic record for BlackRock's ETF. 📈

The current context has accelerated its success.

The fund reached $70 billion in AUM in 341 days, the fastest pace in history.

![](https://m.stacker.news/95974)



5. Big US companies still deliver:

• Growth
• Cash generation
• Global scale

Now they lead the biggest narrative of the decade: artificial intelligence.
As they have already done with cloud, mobile and social networks.

The pause in tariffs was enough for investors to grab equity again.

![](https://m.stacker.news/95975)



6. However, volatility is out of place. 🌀

The VIX has fallen 63% in just 9 weeks.
It's the biggest fall in history.

Even with fiscal stress, rising interest rates and geopolitical noise, the market is operating in a calm that is difficult to explain.

![](https://m.stacker.news/95976)



7. Feeling accompanies this complacency. 😄

The Fear & Greed Index rose to 64.

The investor is optimistic — perhaps too much so.
And the macro scenario clearly does not provide all that comfort.

![](https://m.stacker.news/95977)


Summary: 🎯

Bitcoin skyrocketing.
ETF breaking record.
Big Techs pulling the bag.
Dollar losing strength.
VIX on the floor.

Is the market resilient or numb?

US fiscal risk rises; tariffs fuel debate amid heated political climate

🇨🇳 China has been aggressively reducing its exposure.

🇯🇵 Japan still leads, but faces internal challenges such as extremely high debt and an aging population.

⚠️ Growing risks to global financial stability given the US fiscal mess.

![](https://m.stacker.news/95339)