Tesla Stock Falls Amid Musk Vs Trump Feud
Tesla TSLA shares had their worst day since March, falling 14% on Thursday as the feud between Elon Musk and President Trump continues to heat up, and is making international headlines. In the aftermath of his 130-day term ending as a special government employee, Musk has publicly criticized the Trump administration’s budget reconciliation bill after previously heading the Department of Government Efficiency (DOGE). The Pros of Musk’s DOGE Exit Despite losing favoritism in the White House, Tesla shareholders have previously called on Musk to focus his attention back on the leading EV maker amid declining sales. Underlying this is that having a CEO push a political agenda had disrupted public sentiment, with Tesla facing significant losses of more than $100 million this year regarding vandalism at its dealerships and EV charging stations, which spilled over from nationwide protests targeting Elon ...