Tesla shares fall 8%: Investors rattled after Musk criticises Trump's tax bill; spat turns ugly
Thursday, 5 June 2025 Tesla stock faced a sharp decline. This happened due to a public dispute between Elon Musk and Donald Trump. Musk criticised Trump's tax bill. Trump responded by questioning Musk's motives. This feud worried investors. It also impacted Tesla's sales in key markets. Musk's other ventures also faced scrutiny. The potential end of EV subsidies further added to investor concerns.
Elon Musk calls Trump's flagship 'Big Beautiful Bill' a 'disgusting abomination'
The tech billionaire blasted Trump’s signature bill to cut taxes and boost defence spending — a sharp break from his previously steadfast loyalty to the president.
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Tesla's shares plummeted following a public feud between Elon Musk and Donald Trump, triggered by Musk's criticism of Trump's tax bill. This clash exacerbated... IndiaTimes
Thursday, 5 June 2025
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