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Tesla stock plummets 11% as Musk and Trump exchange barbs over spending bill

Business Insider Thursday, 5 June 2025 ()
Tesla stock extended declines from earlier in the week as Trump and Musk traded words over the GOP budget bill, which Musk has described as an "abomination."
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News video: Trump Vs Musk: Tesla Stock Crashes 9% As Trump And Musk Clash Over 'Disgusting' Tax Bill Feud

Trump Vs Musk: Tesla Stock Crashes 9% As Trump And Musk Clash Over 'Disgusting' Tax Bill Feud 04:42

Tesla shares plunged nearly 9% Thursday after President Donald Trump lashed out at Elon Musk over his criticism of the president’s tax and spending bill. Musk, who had once been one of Trump’s closest allies and even led a cabinet-level department, called the legislation a “disgusting...

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