Tesla shares tumble as Trump-Musk feud erupts

Published: 6/5/2025
Tesla shares tumble as Trump-Musk feud erupts
Tesla shares plummeted by 14% as tensions escalated between Elon Musk and Donald Trump, resulting in a $150 billion market value wipeout. The feud, played out on social media, saw Trump threatening to cut government contracts with Musk's companies like SpaceX, sparking fears among investors about the impact on Tesla's regulatory position. Musk's government involvement had initially boosted Tesla shares, but concerns arose over his alliance with Trump and distractions from leading the company.