Lates News

The long-standing conflict between Musk and Trump has escalated into a public war of words, causing Tesla's stock price to experience its largest drop in over four years. Trump expressed his disappointment on Thursday at the Tesla CEO's criticism of his landmark tax reform bill. Musk retaliated multiple times on social media, with one post stating "Trump would lose the election without me." Trump later proposed terminating federal contracts and subsidies with Musk's company, claiming it was his previous request for Musk to leave his government. Musk referred to this as a "lie." As the feud continues to escalate, Tesla's stock price dropped by 18% at one point, marking the largest intraday drop since September 2020. This caused the market value of the automaker to shrink by more than $180 billion.