According to President Trump, as reported by Bloomberg, he claimed Elon Musk 'went crazy' following the removal of the electric vehicle (EV) mandate and asserted that cutting Musk's government subsidies and contracts is the easiest way to save budget funds (source: Bloomberg, June 2024). This policy stance directly threatens Tesla's financial outlook and could lead to increased volatility in Tesla stock. For crypto traders, Tesla's strong presence in bitcoin holdings and its influence on crypto sentiment mean that any negative impact on Tesla may trigger broader volatility across digital asset markets. Traders should closely monitor Tesla-related news for potential ripple effects on bitcoin and other major cryptocurrencies.