Reported about 20 hours ago
Tesla's shares dropped 14% on Thursday after escalating verbal exchanges between CEO Elon Musk and President Donald Trump. The decline began when Musk criticized a tax bill, and Trump responded by downplaying Musk's concerns. The tension continued with Musk highlighting his influence on Trump’s election and suggesting that Trump was losing support, while Trump threatened to cut Musk's government subsidies, intensifying the drop in Tesla's stock.
Source: YAHOO