US EditionTesla Plummets 14% In Stock’s 11th-Worst Day Ever As Musk’s Feud With Trump Escalates
- Tesla's stock dropped over 14% on Thursday, June 6, 2025, closing at $284.70 amid escalating tensions and public exchanges between Elon Musk and President Trump.
- The sharp decline followed Musk's harsh criticism of Trump's budget bill as an 'abomination' and Trump's threat to cut government contracts, escalating tensions.
- This dispute disrupted a strong eight-week surge that followed Musk’s confirmation that Tesla planned to launch a self-driving ride-hailing pilot in Austin, Texas, during the current month.
- Tesla lost $150 billion in market value, Musk’s stock holdings fell by $20 billion that day, marking Tesla’s 11th-worst trading day since its 2010 IPO.
- Declining sales, including a 9% drop and market share falling to 43%, combined with the Musk-Trump conflict, raise concerns about Tesla's long-term viability.
31 Articles
31 Articles
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What does the Trump-Musk feud mean for Tesla stock? Experts weigh in.
Jeff Bottari/Zuffa LLC (NEW YORK) — A feud between President Donald Trump and Tesla CEO Elon Musk hammered shares of the electric carmaker on Thursday, before a lull in the acrimony on Friday prompted a recovery of some losses. Still, as of midday Friday, shares had dropped nearly 10%, wiping out tens of billions of dollars in company value. The falling out between Trump and Musk raises serious concern for Tesla, threatening crucial regulatory a…
The Trump-Musk feud could be one of the catalysts for a coming 10% stock correction, former JPMorgan strategist says
ANGELA WEISS/AFP via Getty ImagesMarko Kolanovic predicts a stock market pullback could be in the cards.Kolanovic thinks Tesla's decline on the Trump-Musk feud could be among the catalysts that spark a decline. Other problems he sees for the market include high valuations and economic uncertainty. Former JPMorgan chief market strategist Marko Kolanovic sees a stock market pullback in the cards, and the Trump-Musk feud could be one of the trigger…
Elon Musk's net worth plummets by $34B amid escalating feud with President Trump
Tesla CEO Elon Musk’s net worth plunged by $34 billion during his and President Donald Trump’s verbal rift on Thursday. The significant drop brought his net worth down to $334.5 billion late on Thursday, according to Bloomberg, which tracks the personal fortunes of the world’s richest people through its Bloomberg Billionaires Index. It marked the second-biggest drop that Bloomberg has ever seen with its index.Musk’s net worth comes from his stak…
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