The most powerful man in the world and the richest man in the world finally turned on each other.
TSLA slipped 14.3% on June 5 due to Musk-Trump tensions, casting doubt on federal support and investor faith. Single-stock ETF TESL lost only1.9% due to downside protection.
Tesla Inc. (NASDAQ: TSLA) dropped 14% in a single day yesterday, representing one of its most significant one-day falls in the past few years. The stock currently trades at around $285, significantly down from peaks exceeding $350 in 2024 — resulting in a loss of over $150 billion in market capitalization.
TSLA tumbled 14.3% on June 5 as a public clash between Trump and Elon Musk rattled markets and boosted ETFs like TSLZ, SMCZ, AGQ, KORU and MULL on Jun 5.
Dan Ives, Global Head of Tech at Wedbush, defends Tesla's long-term value despite Musk-Trump tensions. Sarah Kunst of Cleo Capital warns regulatory risks could hurt Tesla, SpaceX, and investor faith.
Traders raked in $4 billion in profit from their short positions in Tesla shares on Thursday after a public feud between President Donald Trump and CEO Elon Musk led to the stock's biggest single-day drop ever.
The sharp drop in Tesla Inc (NASDAQ:TSLA) shares, which saw the electric vehicle maker lose around $152 billion in market value, has sparked concern for those with exposure to major tech companies. The decline, triggered by a no-holds-barred public row between Elon Musk and Donald Trump, sent ripples far beyond Wall Street.
White House staffers have reportedly organized a telephone call between President Trump and Tesla CEO Elon Musk to keep Thursday's public row from spiraling out of control.
Tesla shares listed in Frankfurt rose 5.6% on Friday after Politico reported White House aides have scheduled a call with CEO Elon Musk to broker peace after a public feud with U.S. President Donald Trump.
A fiery feud between President Donald Trump and Tesla Inc (NASDAQ:TSLA) CEO Elon Musk shook markets on Friday, as the electric vehicle maker's stock took a sharp dive following a series of bitter online exchanges, marking a rapid public deterioration in the pair's relationship. Tesla shares plunged 14.3%, wiping out more than $150 in the company's value — its worst single-day market cap loss in history.
Tesla (TSLA) shares had their worst day since March, falling 14% on Thursday as the feud between Elon Musk and President Trump continues to heat up.
An open rift between recently departed DOGE leader and Tesla (TSLA) CEO Elon Musk sent indexes southward.