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Tesla shares fall 8%: Investors rattled after Musk criticises Trump's tax bill; spat turns ugly

IndiaTimes 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.
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News video: _Kill the bill__ Musk rallies against Trump_s budget bill as Senate Republicans split

_Kill the bill__ Musk rallies against Trump_s budget bill as Senate Republicans split 02:42

 The rift between Elon Musk and Donald Trump deepened after Musk urged his followers to oppose Trump’s budget bill, calling it an "abomination" that risks "debt slavery." The $2.4T deficit-spending plan extends Trump-era tax cuts and boosts border security but...

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