According to The Kobeissi Letter on Twitter, President Trump is reportedly considering selling his Tesla vehicle, as cited by The Wall Street Journal (WSJ, 2025-06-06). This announcement has generated heightened volatility around Tesla stock ($TSLA), with traders closely watching for potential shifts in investor sentiment. The news also has indirect implications for the crypto market, as Tesla and Elon Musk have historically influenced Bitcoin and Dogecoin trends. Any major move by high-profile figures like Trump can impact market psychology, leading to increased trading activity across both equities and digital assets (source: The Kobeissi Letter, WSJ).

According to The Kobeissi Letter, President Trump publicly addressed Elon Musk's recent stance shift, noting he 'should have done so months ago' (source: @KobeissiLetter, June 5, 2025). This public exchange between two influential figures has drawn significant attention from cryptocurrency traders, as both Trump and Musk have previously impacted digital asset sentiment and regulatory outlooks. Market participants are closely monitoring for any policy signals or shifts in regulatory tone that could influence Bitcoin, Ethereum, and major altcoins, given the history of both individuals moving crypto prices with statements and endorsements.