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

By: theblockbeats.news|2025/07/08 21:02:21

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.

Solana did not fall behind during the bear market. Trading enthusiasm has waned, but the network is more stable, RWA and stablecoins are expanding, and the capital foundation is much thicker than in the previous cycle. The real question is: when the speculative tide recedes, can perpetuals, predicti...

Young people in South Korea make a "final effort" in the epic bull market

The South Koreans' average of two accounts for wildly gambling in the chip bull market reflects the survival anxiety and harsh reality of countless young people trying to break through class barriers behind the nationwide stock trading frenzy for wealth.

The pricing controversy of Trade.xyz exposes the fatal weakness of Pre-IPO perpetual contracts

SpaceX's equity update has sparked controversy over on-chain liquidations. Trade.xyz refuses to reset the SPCX pricing, and the lack of a Rebase mechanism in Perp DEX has led to a significant trust test for on-chain Pre-IPO assets.

The trillion-dollar valuation test: Are the three major super IPOs a celebration for tech stocks or a nightmare for the crypto market?

Morning Report | Digital Asset completes $355 million financing led by a16z Crypto; Meta completes operational separation from Manus

Overview of Important Market Events on June 11

a16z Crypto Partner: Cash flow is the moat

Most companies spend years creating network effects on traditional infrastructure. Crypto founders inherit them as starting conditions.