Musk and Trump feud as Tesla stock falls 15%

Elon Musk and Tesla Face Challenges Amid Dispute with President Donald Trump

On Thursday afternoon, Tesla's stock shares dropped significantly as Elon Musk appears to be embroiled in a dispute with President Donald Trump.
Musk has been critical of Trump's "Big, Beautiful Bill." On Thursday, Musk sent out a series of messages to the president on social media, claiming the bill is a "disgusting abomination."
As tensions escalated between the president and Musk, Trump criticized the Tesla CEO in a series of Truth Social posts, warning that he may sever government ties with Musk's companies.

What did Elon Musk say about Trump's 'Big, Beautiful Bill?'

Musk is upset with Trump over the president’s massive tax bill, which Musk has called a “disgusting abomination.” The bill, known as the "One Big Beautiful Bill Act," passed the House by a single vote and includes tax cuts, military spending increases, and reductions to Medicaid and the Supplemental Nutrition Assistance Program (SNAP).
Musk has criticized the bill for adding trillions to the national debt and accused lawmakers of rushing it through without proper review. He also suggested that Trump is retaliating against him because the bill removes tax credits for electric vehicles.
Trump responded by saying he’s “very disappointed” in Musk and suggested their relationship may be irreparably damaged. Musk fired back on X, claiming that without him, Trump would have lost the election and that the bill was passed “in the dead of night.”

How much did the Tesla stock drop?

According to reports, as of Thursday, Tesla's stock shares dropped by 15%. Tesla is currently trading at around $280.70 per share.
According to CNBC, stock prices have declined by over 25% this year, experiencing a significant drop from their peak of $488.54, which was recorded on December 18th.

What happened with Elon Musk and DOGE?

After what Musk described as an "intense" first three months under President Trump — and amid a sharp drop in Tesla’s first-quarter profit — the former director of the Department of Government Efficiency left his post at the White House last month.
DOGE was established by Trump through one of more than 100 executive orders issued on Inauguration Day.
Musk was appointed to lead the department, which was established to modernize federal technology and streamline operations, aiming to enhance governmental efficiency and productivity.
For more information, visit Forbes or CNBC for the latest updates on Tesla's stock prices and Elon Musk's activities.