- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
Earn- More
BiyaPay Analyst: Tesla Drops 7%, Musk Forms "American Party," Completely Offends Trump
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.
You may also like
Ripple Joins Elite Crypto and Banking Players at High-Stakes White House Summit
Key Takeaways Ripple secured a critical position at a White House summit focusing on stablecoin regulation. The meeting…
Crypto Apocalypse Coming: Renowned Expert Foresees Catastrophic End for Cryptocurrency
Key Takeaways Nouriel Roubini, known as “Dr. Doom,” anticipates a “catastrophic end” for the cryptocurrency sector. Even with…
Moonbirds NFTs Are Soaring Again: Unveiling the Recent Price Surge
Key Takeaways Moonbirds NFTs, once a joke in the NFT world, are making a staggering comeback thanks to…
Trump Says Crypto Reserve Will Include XRP, Solana, Cardano—And ‘Obviously’ Bitcoin and Ethereum
Key Takeaways President Trump announced a strategic U.S. crypto reserve to include digital assets such as XRP, Solana,…
‘Big Short’ Investor Burry: Bitcoin Has Not Succeeded as a Safe Haven
Key Takeaways Michael Burry warns that Bitcoin has not proven to be the secure asset many expected it…
SEC Chair Paul Atkins to Make History as First Sitting Chair to Speak at the Bitcoin Conference in Las Vegas
Key Takeaways Paul Atkins, SEC Chairman, is set to become the first sitting SEC Chair to speak at…
Vitalik’s Vision: Redefining Ethereum’s Layer 2 Landscape
Key Takeaways Ethereum creator Vitalik Buterin calls for a new role for Ethereum’s Layer 2 solutions (L2s) as…
Jeffrey Epstein’s Investment in Blockstream and the Unfolding Controversy
Key Takeaways Jeffrey Epstein was involved as an investor in the early seed round of the Bitcoin technology…
Cardano (ADA) Price Analysis for February 3: Can It Stabilize Above $0.30?
Key Takeaways: The current trading value of Cardano (ADA) is $0.2999, reflecting a 1% drop over the past…
SHIB Price Analysis for February 3: A Week to Watch for Shiba Inu Investors
Key Takeaways The SHIB price is currently rising after finding local support at $0.00000677. A potential upward move…
Crypto Market Review: Shiba Inu’s (SHIB) 1,000,000,000,000 Bull Market Trigger, Bitcoin (BTC) Crash Might Stop Here, Is Dogecoin (DOGE) in Mini-Bull Market?
Key Takeaways Shiba Inu (SHIB) shows signs of a potential recovery with a significant green candle, hinting at…
The Top Airdrop Opportunities of January 2026
Key Takeaways: Discover the top five airdrop opportunities available in January 2026, each representing promising tokenless protocols. Uniswap…
BitMine’s $6 Billion Ethereum Losses: Strategic Planning or Market Gaffe?
Key Takeaways BitMine Immersion Technologies, holding the largest Ethereum treasury, reports over $6 billion in unrealized losses. The…
Strategy Stock ($MSTR) Reaches 52-Week Low As Bitcoin Slips Below $84,000
Key Takeaways Strategy ($MSTR) shares hit a session low of $140.25, dropping significantly amid Bitcoin’s price decline. Bitcoin…
Jeffrey Epstein’s Unusual Bitcoin Connections
Key Takeaways: Jeffrey Epstein’s substantial involvement in the cryptocurrency industry, particularly Bitcoin, was revealed through document releases. Epstein…
Cardano Price Prediction as the Planned CME’s ADA Futures Launch Nears
Key Takeaways Cardano’s current price stability reflects structural balance in the market, maintaining a firm foothold below $0.30.…
Ondo Price Prediction Amid MetaMask’s Integration of Over 200 Tokenized U.S. Stocks
Key Takeaways Ondo (ONDO) token exhibits positive movement, rebounding from a bearish trend and maintaining levels above $0.27.…
Why Bitcoin’s Defense of $76,000 Matters for MicroStrategy’s Earnings Narrative
Key Takeaways MicroStrategy’s Q4 2025 earnings are heavily influenced by Bitcoin’s price performance, especially maintaining the $76,000 level.…
Ripple Joins Elite Crypto and Banking Players at High-Stakes White House Summit
Key Takeaways Ripple secured a critical position at a White House summit focusing on stablecoin regulation. The meeting…
Crypto Apocalypse Coming: Renowned Expert Foresees Catastrophic End for Cryptocurrency
Key Takeaways Nouriel Roubini, known as “Dr. Doom,” anticipates a “catastrophic end” for the cryptocurrency sector. Even with…
Moonbirds NFTs Are Soaring Again: Unveiling the Recent Price Surge
Key Takeaways Moonbirds NFTs, once a joke in the NFT world, are making a staggering comeback thanks to…
Trump Says Crypto Reserve Will Include XRP, Solana, Cardano—And ‘Obviously’ Bitcoin and Ethereum
Key Takeaways President Trump announced a strategic U.S. crypto reserve to include digital assets such as XRP, Solana,…
‘Big Short’ Investor Burry: Bitcoin Has Not Succeeded as a Safe Haven
Key Takeaways Michael Burry warns that Bitcoin has not proven to be the secure asset many expected it…
SEC Chair Paul Atkins to Make History as First Sitting Chair to Speak at the Bitcoin Conference in Las Vegas
Key Takeaways Paul Atkins, SEC Chairman, is set to become the first sitting SEC Chair to speak at…
App