BiyaPay analyst: Elon Musk's rupture with Trump triggers market turbulence, causing Tesla's market value to plummet by $150 billion

According to BlockBeats, on June 7th, Musk's relationship with US President Trump completely broke down, with both sides recently exchanging insults across social media platforms. Musk claimed that 'if it weren't for himself, Trump wouldn't have become president', while Trump countered by saying Musk was' already crazy '. The trigger for this conflict was Musk's public opposition to the "Big and Beautiful Act" proposed by the Trump administration, stating that the bill would increase the fiscal deficit, particularly by reducing tax credits for electric vehicles, which would be extremely detrimental to Tesla. As their relationship became public, Tesla's stock price became the biggest victim in the market, and investors sold off their stocks due to concerns about Tesla's future prospects. On June 5th, Tesla's stock price fell more than 17% during trading, and eventually closed down more than 14%, evaporating over $150 billion in market value. This incident caught the attention of BiyaPay users, who quickly responded by exchanging USDT for USD through the platform. They then took advantage of the significant drop in Tesla's stock price to short the company, allowing investors to make quick decisions and receive substantial returns in a volatile market. Through BiyaPay, users can easily convert USDT into USD and conduct US stock trading directly on the platform, including short selling of popular stocks such as Tesla, without the need for an offshore account. The significant drop in Tesla's stock price has provided many BiyaPay users with an ideal profit opportunity, and by taking advantage of this opportunity, some users have successfully earned substantial returns. This also proves that under the influence of political and market fluctuations, the convenient transaction services and liquidity support provided by the BiyaPay platform can help users obtain profits through quick response at critical moments. As more investors participate in trading on the US stock market through BiyaPay, the platform provides more diversified and flexible investment options for global users.