**Tesla Takes a Tumble: Musk vs. Trump Heats Up Again**
In the latest chapter of the ongoing drama between President Donald Trump and Tesla CEO Elon Musk, Tesla’s stock has taken a serious hit. Early Tuesday morning, shares of the electric vehicle titan dropped more than 5% in pre-market trading, settling around $3110. This decline follows a spat where Trump suggested that the government subsidies benefiting Musk’s companies, including Tesla, should face some serious scrutiny. Talk about a rough start to the week!
The feud ignited when Trump called out Musk and the subsidies that have helped propel Tesla to the top of the electric vehicle market. He made it clear that he doesn’t think Musk’s companies could stand on their own without federal support. This accusation didn’t sit well with Musk, who recently took to social media to express his disdain for what Trump dubbed his “big beautiful bill.” Musk went so far as to proclaim that if this spending bill passes, he would consider forming a new political party—the “America Party”—to shake things up against what he terms the “Democrat Republican unarty.” Well, that sounds like a real party-starter!
Things escalated, and it seems Trump wasn’t going to let Musk’s comments slide. He fired back on Truth Social, suggesting that without government help, Musk might find himself back in his home country of South Africa. Musk, although hailing from the land of the Springboks, is a naturalized U.S. citizen, which made Trump’s jab all the more eyebrow-raising. When asked about the possibility of deporting Musk, Trump quipped that they’d “have to take a look.” It’s safe to say that no one was expecting that curveball.
To add to the tumult, Tesla’s shares have plummeted a staggering 9.2% since the public feud began late last month. This recent dip has sent jitters through the market, especially since shares had even dipped below $285 at one point during their back-and-forth quarrel. Initially, there were signs of reconciliation as the stock managed to bounce back, but with this latest round of insults and accusations, it seems the stock market doesn’t want any part of the Musk-Trump showdown.
If Tesla’s pre-market dip continues, there’s a very real possibility that Musk’s status as the world’s richest person on Forbes’ real-time billionaire list could be at risk. As the two continue their exchange of barbs, the stock market is left to wonder: how will this high-profile feud play out? For investors and fans of Tesla alike, the story is one to watch closely, with plenty of twists and turns still ahead. And who knows? Maybe there is a new political party right around the corner!
