
Tesla (TSLA) shares cratered nearly 15% on Thursday after President Donald Trump said he was “disappointed” in billionaire Elon Musk’s opposition of his “One Big Beautiful Bill.”
Musk has been a vocal adversary of the said legislation that he’s concerned will exacerbate federal deficits. In his recent X post, Tesla’s chief executive even called the pending tax-and-spending bill a “disgusting abomination.”