The public feud between President Trump and Tesla CEO Elon Musk marks a significant fallout in their previously strong relationship. The conflict escalated over Musk's criticism of Trump's economic proposals, particularly the controversial 'One Big Beautiful Bill,' which Musk condemned as a 'disgusting abomination.' This spat was not only entertaining for the media and the public but had tangible effects on Tesla's stock price, which plummeted nearly 15% amid investor anxiety over the implications of their rift for the company's future.
Shares in Elon Musk's electric car company continued to crash throughout the day as the Trump-Musk feud intensified. By the end of trading, Tesla's stock price had dropped nearly 15%.
Musk called the proposed 'One Big Beautiful Bill' a 'disgusting abomination,' which marked a shift in his vocal stance against Trump.
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