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Tesla Shares Plunge 14% Amid Musk-Trump Feud

Tesla Shares Plunge 14% Amid Musk-Trump Feud

Tesla's share price plummeted over 14% on Thursday amid a heated dispute between CEO Elon Musk and US President Trump. The stock closed at $284.70, marking a significant decline in four of the last five trading sessions, leading to a loss of approximately $150 billion in market value. The tension escalated as Musk criticized Trump's tax legislation, which affects electric vehicle tax benefits, while Trump threatened to revoke Musk's government subsidies. The fallout impacted the broader market, dragging down major indices like Nasdaq and the S&P 500.

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