Tesla Stock Plummets 14% Amid Escalating Feud Between Elon Musk and Donald Trump
Tesla's stock price plummeted by over 14% in a single day, resulting in a staggering loss of over $150 billion in market value, its worst single-day performance since March 10. This drastic decline was triggered by the escalating public feud between Tesla CEO Elon Musk and President Donald Trump. The spat began when Trump expressed his disappointment with Musk on social media, threatening to terminate government subsidies and contracts awarded to Musk's companies, including Tesla. Musk swiftly responded by expressing his support for impeaching Trump and criticizing his tariff policies, which he believes will lead to an economic downturn in the United States.