Tesla loses $152 billion in market cap after Musk-Trump spat in the stock’s biggest-ever hit

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The Tit-FOR-TAT between the CEO of Tesla Elusk and President Donald Trump Send shares from the EV maker to the Free Thursday Thursday In an epic stock, tens of billions of musk wealth erase.

The shareholders in Tesla went on a crude trip on Thursday as a leader of the free world and the richest man on this planet traded on the Internet, spending $ 152 billion in the market value of the EV factory.

This was the largest ever for the automotive company, whose share price became a referendum on the general perception of its CEO, Elon Musk, who was the actual leader of the Ministry of Government efficiency (DOGE) before he suddenly left last week because of his opposition to the draft law on President Donald Trump.

Then Thursday, MUSK made her personal.

Tesla shares began to decrease shortly after the back, when Musk Tide began for him, called on legislators to “get rid of disgusting pork mountain in the bill,” claiming, “Badouni, Trump had lost elections”, and accused Trump of “in Epsin files.”

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Trump shot the allegations that disturbed Musk from the president after the latter moved to reduce EV incentives, and threatened to eliminate the contracts of the Musk government for Spacex. Musk, in turn, suggested dismantling the spacecraft vehicle, which carries astronauts to and from the International Space Station.

“It is not what you want to see as a shareholder,” said Tesla Mega Dan Evez.

The dispute was cooled by Thursday evening, when Musk replied to the X user that the cooling period was probably a “good idea”. On Friday, Tesla’s shares flourished, and rose to a sign of $ 300. As of Friday morning, the two men did not publish social media on each other. But the relationship may be fading. A White House spokesman Bloomberg told that no phone call would be made between the two and that the president was considering getting rid of Tesla who bought it in the White House park in March.

This story was originally shown on Fortune.com

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2025-06-06 16:18:00

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