Tesla’s stock price dropped 4.9 percent by midday Tuesday following a suggestion by President Donald Trump that government subsidies for Elon Musk’s companies, such as Tesla, should be reviewed by the so-called Department of Government Efficiency, which Musk used to lead.
The plunge arrived in the middle of a renewed feud between the president and the world’s richest man after Musk attacked Trump’s congressional spending package and threatened to form a new political party.
