Tesla Stock Plummets Amid Elon Musk and Donald Trump Feud

The conflict between Elon Musk and Donald Trump has left Tesla stocks reeling on Wall Street. Specifically, Tesla shares dropped by 15% this afternoon (05/06/2025) as tensions peaked between Trump and Musk. The former U.S. President threatened on social media to target Musk’s business empire. “The easiest way to save billions in our budget is to end subsidies and contracts for Elon,” Trump posted on Truth Social. This free fall erased over $150 billion from Tesla’s market value, which started the day at nearly $1.1 trillion.