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Elon Musk’s back-and-forth with President Donald Trump last week sent Tesla’s share price tumbling. However, industry observers say it’s unlikely to slow the automaker’s long-term goals, including its much-anticipated robotaxi service. The public spat began when Musk criticized the Republican spending bill for cutting electric-vehicle tax credits, a move he warned would add more than $2.4 trillion to the U.S. deficit. Trump responded by threatening to cancel government contracts with Musk’s companies. Musk then fired back, saying he would shut down SpaceX’s Dragon spacecraft before backing away from that threat. On Thursday of last week, the TSLA stock slid 14%, erasing about $138 billion from its market value. The shares recovered some ground the next day, but Musk still saw one of the biggest single-day drops in personal wealth ever recorded, an estimated $34 billion hit to his net worth as reported by Business Insider . Despite the headlines, analysts say there’s little reason to believe the feud will leave lasting scars on Tesla’s core business. “Musk’s and Trump’s relationship has an impact on the stock and maybe investor sentiment, but as far as the actual business impact for Tesla, I never thought Trump getting elected was positive or that negative for Tesla,” Morningstar analyst Seth Goldstein told Business Insider. “So with the feud that started between Trump and Musk, I never really viewed that as that positive or negative for Tesla either.” Goldstein noted that the more significant concern for Musk and other EV makers is the broader political push to trim or eliminate subsidies. President Trump has already signaled he would cut electric-vehicle tax credits, a change Gene Munster of Deepwater Asset Management warned could shrink Tesla’s deliveries by about 15% in 2025. As Tesla gears up to launch its robotaxi service in Austin this June, most analysts don’t think the federal government will try to stop it. Munster argues that self-driving cars are a key part of “physical AI,” and that the U.S. has an interest in leading both digital and real-world artificial intelligence. He expects “cooler heads to prevail” and for Washington to keep supporting the technology. Goldstein says the government has almost no way to block Tesla’s self-driving plans. While the Department of Transportation is reviewing federal safety rules for self-driving vehicles, he said it’s unlikely regulators would mandate expensive lidar sensors just to target Musk’s company. “If Trump wanted to hurt Elon, they could more easily cut SpaceX contracts than create a convoluted policy against Tesla,” he said. Morgan Stanley analyst Adam Jonas echoed the broader sentiment in a note released Friday. He said the Musk-Trump dust-up doesn’t change the “longer-term vectors that drive the stock’s value,” pointing to the EV maker’s work in AI, robotics, manufacturing, supply-chain redesign, renewable energy, and critical infrastructure. By late Friday, the public exchange of former best friends had died down. In a Saturday interview with NBC News, Trump said he doesn’t plan to reconcile with Musk and warned him against backing Democratic candidates . Yet, on Friday, while talking to reporters on Air Force One, the president said on a lighter note, “I hope he does well with Tesla,” Trump said. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More

The Ethereum Foundation (EF) has rolled out a new treasury strategy that aims to protect its ETH reserves with a 2.5-year runway while also targeting a 5% spending limit. The new plan prioritizes transparency, operational efficiency, and alignment with the blockchain’s long-standing values. In a June 4 blog post , the Foundation outlined plans to allocate 15% of its treasury annually toward operational expenses, while maintaining a financial buffer sufficient to cover two and a half years of spending. Under this model, ETH will only be sold if the liquid reserves dip below this threshold. Reserve levels will be assessed quarterly to determine whether asset sales are necessary, helping preserve treasury strength amid market fluctuations. “We intend to reduce annual opex roughly linearly over the next five years, ending at a long-term 5% baseline that is common for endowment-based organizations,” the post read. It explained that the policy reflects the organization’s belief that 2025-26 is likely to be pivotal for Ethereum, requiring focused investment in key outcomes. “We will frequently reallocate funds between protocols for reasons such as changing market conditions, diversification, or new yield opportunities,” the organization wrote. It emphasized that withdrawals should be understood in that context and not interpreted as anti-endorsements. The non-profit also wants to grow and manage its treasury using secure, permissionless, and audited DeFi protocols. This will include independently staking ETH and lending wrapped ETH (wETH) through established DeFi platforms. Further, it plans to diversify its portfolio periodically by converting some assets into fiat currency. A new guiding principle, called “Defipunk,” is also a part of the financial strategy. Drawing inspiration from the early cypherpunk movement, this philosophy focuses on the importance of decentralization, financial privacy, and open-source innovation. The new philosophy will serve as decision-making criteria for the organization as it selects projects and collaborations to fund. Financial support will be directed toward teams that share these values, creating a DeFi ecosystem that believes in freedom, anti-censorship, and forward-thinking development. As part of its commitment to transparency, the Ethereum Foundation has also restructured its internal operations. A dedicated finance team will now issue quarterly reports detailing performance, asset distribution, and strategic actions. Annual reports will also provide deeper insight into ETH deployment and fiat-crypto conversions. The non-profit also recently reorganized its internal teams by renaming its research and development unit to “Protocol.” This department will focus on scaling Ethereum’s core infrastructure, expanding blob space, and enhancing the user experience.

RT @rogerkver: I made some slides explaining why I think Core is on the wrong path for Bitcoin's future:

RT @rogerkver: The damage caused by Core's intentional fee market via full blocks has already likely damaged Bitcoin's market cap by billio…

RT @rogerkver: Segwit transactions are unfairly cheap when compared with legacy transactions due to Core's centrally planned artificial pr…