On Thursday (5 June), Tesla’s market value suffered its largest one-day drop on record as the spat between Musk and Trump led to a sharp sell-off in the EV manufacturer’s shares.
Tesla shed $153bn off its market capitalisation as its shares closed over 14% down, according to data from MarketWatch.
Tempers flared on Thursday after Musk, formerly a close confidante of the US president, criticised Trump’s ‘big beautiful’ tax bill.
Tesla shares surge after Musk steps down from Trump administration
The pair took to social media to trade blows, with Trump initially noting that he w…
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