
Tesla (TSLA) shares crashed 14.3% on Thursday, June 5 amidst a public spat between CEO Elon Musk and President Donald Trump. Musk initially took aim at Trump’s tax-and-spending bill, and Trump responded by threatening to terminate the billionaire’s federal contracts and subsidies.
And while TSLA is inching back up on Friday as markets digest the public fallout between the U.S. president and the chief executive of Tesla, Ross Gerber, a renowned investor, says “we’re just getting started with the declines.”