Investors sold off Tesla shares, resulting in a 14% drop and a loss of approximately $150 billion in market value, amid rising tensions between Elon Musk and President Donald Trump. The fallout began over Musk’s criticism of a Trump-backed spending bill and escalated to personal insults, with Trump threatening to cut government contracts to Musk’s companies. Market analysts expressed concern over the implications for Tesla’s regulatory environment, as the clash jeopardized the company’s hopes for a more favorable regulatory approach under the Trump administration.
