logo

BiyaPay Analyst: Tesla Drops 7%, Musk Forms "American Party," Completely Offends Trump

By: theblockbeats.news|2025/07/08 21:02:21
0
Share
copy
aiai
muskmusk
fsd-coinfsd-coin

BlockBeats News, July 8th, Tesla's stock price fell by 7%, one of the reasons being the political disagreement with Trump. Musk announced the establishment of the "American Party," a move that signaled a complete rupture in his political alliance with Trump. This change was directly triggered by Musk's intense conflict with Trump over the "Big Beautiful Act," which is expected to further increase U.S. debt, a proposition Musk strongly opposes.

Musk's "American Party" plans to participate in the 2026 midterm elections, aiming to influence congressional decisions by vying for a few key seats, adopting a strategy different from traditional parties, focusing on 2-3 Senate seats and 8-10 House districts. Musk's political ideology includes reducing debt spending, promoting AI technology development, relaxing regulations, etc., addressing public dissatisfaction with current policies.

Meanwhile, Tesla is facing several challenges, such as older versions of Tesla models possibly being unable to use the Full Self-Driving (FSD) feature and facing a collective lawsuit in the Chinese market. Owners are demanding refunds of FSD fees or hardware upgrades for their vehicles, which could cost Tesla billions in refunds or upgrade expenses.

For investors, this series of events undoubtedly affected market sentiment. As for BiyaPay users, the platform offers USDT trading services for U.S. and Hong Kong stocks, enabling users to conveniently participate in the global stock market without the need for an offshore account, allowing real-time stock trading. Through BiyaPay, users can enjoy zero transaction fees for spot and contract trading, and leverage the platform's efficient, transparent trading system to better cope with market fluctuations.







-- Price

--

You may also like

Morning Report | Drift receives support from Tether and others to establish a $147.5 million recovery fund; Charles Schwab launches spot cryptocurrency trading services; Morgan Stanley lists asset tokenization as a growth priority

Overview of Important Market Events on April 16

Beta, meet cash flow

"The further you look back, the more likely you are to look ahead further."

How do tokenized stocks work? A conversation with the head of digital assets at BlackRock

Stablecoins and tokenized deposits will not replace each other, but rather serve different scenarios.

Is the rebound an illusion? The bond market has already provided the answer

The stock market is celebrating, while bonds and crude oil are warning.

The End of Crypto Premium? Observing the Market Logic Shift from the Dilemma After Gemini's Listing

Gemini's dilemma lies in entering a competitive environment where "compliance is a basic threshold rather than a differentiating advantage," yet it has to bear heavier fixed costs than any non-public competitors.

The third round of repurchase and destruction by JST has been completed as scheduled, with a repurchase and destruction scale exceeding 21 million USD

In just half a year, JST has conducted three rounds of large-scale buybacks and burns, with a total investment in ecological benefits exceeding 60 million USD, and the number of JST burned has surpassed 1.356 billion, accounting for approximately 13.7% of the total token supply.
Trade with Confidence on WEEX
Fast Execution with Deep Liquidity
Trade with Confidence on WEEXCatch the Move Now

Contents

Popular coins

Latest Crypto News

14:42

Claw Wallet has reached a strategic cooperation with TagAI and TagClaw to jointly establish a new standard for BNB Chain AI Agent collaboration

Claw Wallet, a Web3 wallet infrastructure designed for AI Agents, announced a strategic partnership with TagAI and TagClaw. By deeply integrating Claw Wallet's secure AI-native infrastructure with TagAI's AI and socially predictive community layer, as well as TagClaw's on-chain social collaborative ...
BNBBNB
--
14:42

CoW Swap released a report on the attack incident, stating that the domain was hijacked for several hours, resulting in an estimated loss of 1.2 million dollars

According to official news, the CoW Swap attack incident review report states that its domain cow.fi suffered a supply chain attack on April 14, 2026. The attackers infiltrated the .fi domain registration process through social engineering techniques and hijacked DNS resolution, causing users to be ...
COWCOW
--
13:42

The Federal Reserve is expected to keep interest rates unchanged in 2026, with a possible rate cut in September

According to Jinshi reports, Deutsche Bank expects that the Federal Reserve will keep interest rates unchanged in 2026, whereas the previous forecast was for a rate cut in September.
13:42

Spent $185.72 to buy ASTEROID at a certain address, with an unrealized profit exceeding $127,900

According to GMGN data, a certain address (7BLkYNgdMkhwky5g95KRo5EvciHfJcA393ZxC6gbBLq8) purchased ASTEROID for approximately $185.72, and the current position value is about $98,300, with an unrealized profit of approximately $127,900.
13:42

Data: The market value of the ETH chain meme coin ASTEROID has surpassed 8 million USD, currently reported at 8.16 million USD

According to GMGN data, the market value of the ETH chain meme coin ASTEROID has risen to over 8 million USD, currently reported at 8.16 million USD.Meme coin prices are highly volatile, and investors should be aware of the risks. Meme coins generally lack practical application scenarios and rely mo...
Read more
Community
iconiconiconiconiconiconicon

Customer Support Bot：@WEEX_support_smart_Bot

VIP Services：support@weex.com