Tesla Shares Plummet Amid Trump, Musk Breakup

Tesla Shares Plummet Amid Trump, Musk Breakup

Kipp Jones Jun 5th, 2025, 2:09 pm

Allison Robbert/Pool via AP

Tesla shares fell sharply Thursday as President Donald Trump and Elon Musk publicly clashed over Trump’s signature tax bill.

The car company’s stock had dropped nearly nine points as of 1:30 p.m. ET Thursday to $303.03 per share.

The decline came as investors reacted to the volatile war of words between the president and Tesla’s CEO, who opened up his checkbook during the campaign and worked alongside Trump in the White House until a week ago.

The clash between the two billionaires began on social media with Musk ripping Trump’s bill. In the Oval Office on Thursday, Trump was asked by reporters about Musk’s criticism of the administration’s “big beautiful bill.”

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