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The Independent UK

World

Bernard Condon

Tesla stock plunges as Musk's feud with Trump over GOP tax bill spooks investors

Donald Trump Tesla Inc. Elon Musk United States electric vehicle

Trump - (Copyright 2025 The Associated Press. All rights reserved)

Shares of Elon Musk’s electric vehicle maker are falling sharply Thursday as investors fear his dispute with President Donald Trump could end up hurting the company.

Tesla plunged more than 10% in the afternoon as a disagreement over the U.S. president's budget bill turned nasty. After Musk said that Trump wouldn't haven't gotten elected without his help, Trump implied that he may turn the federal government against his company.

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