Trump-Musk Feud Shakes Markets: Tesla Stock Plummets After Public Dispute

Former US President Donald Trump and Tesla CEO Elon Musk's public feud escalated sharply following Musk's harsh criticism of Trump's new budget plan. Musk labeled the "One Big Beautiful Bill" as "disgusting," prompting a response from Trump during a press interview at the White House. Trump stated, "My relationship with Elon was very good. I don't know if it will be that way anymore." This statement followed Musk's assertion on X, formerly Twitter, that Trump would not have won the presidency without his support. The political conflict had immediate market repercussions, with Tesla shares plummeting 15% in a single day, marking the largest drop in three months. The incident highlights the complex interplay between political tensions and financial markets, underscoring the influence of high-profile figures on investor sentiment and economic stability.