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

Jun 6, 2025 - 01:30
Tesla shares fall 8%: Investors rattled after Musk criticises Trump's tax bill; spat turns ugly

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Tesla shares plummeted as tensions flared between Elon Musk and Donald Trump after Musk criticized Trump's tax bill. Trump retaliated, accusing Musk of souring their relationship due to the removal of EV tax incentives. This political fallout has impacted Tesla's sales and brought scrutiny to Musk's other ventures, contributing to a significant drop in Tesla's stock value.

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