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.
$100 billion wiped out! Tesla shares crash 17% after Musk-Trump spat
