Tesla share plunge amid Trump feud wipes $152bn off Elon Musk’s company

Tesla saw a 14.2% drop in its stock as Elon Musk and Donald Trump’s intense feud reached public stage, with Trump threatening to cut government subsidies benefiting Tesla while Musk pledged to cancel key contracts and accuse Trump of political corruption. This fracas dropped Tesla's value by $152 billion, significantly impacting both the company and Elon Musk's net worth. The spat underscores the growing tension between two powerful figures, which now hangs over Tesla's plans for a self-driving robotaxi in Austin, reliant on government approval for its commercial viability.