Trump said that he was sad to see that Musk had gone "off the rails." Tesla shares plummet after Elon Musk reignites feud with Trump: 'Bankrupting our country' first appeared on The Cool Down.

Once close billionaires continue their feud with Musk criticizing spending bill and Trump threatening an end to subsidies for Musk-owned companies

Elon Musk's empire isn't exactly crumbling, but it looks increasingly vulnerable as his falling out with President Trump intensifies. Why it matters: The world's richest person enjoyed ballooning wealth in the early days of his alliance with the president,

Tesla is facing a tough time. The shares of the electric car company saw a sharp drop of around 7 percent after its CEO Elon Musk announced he is floating his new political party as tensions with President Trump escalates.

Morrison will testify for more oversight on autonomous vehicles to US Senate, which could pose challenges for EV makers like Tesla.

July 7–8, 2025: The first trading day since Musk’s weekend announcement, Tesla shares tumbled, and Musk’s personal fortune dropped by as much as $15 billion, according to the Bloomberg Billionaires Index. As of July 9, it stands at $349 billion with Tesla shares broadly unchanged.

The share prices for Tesla stock tumbled on Tuesday after President Donald Trump suggested the federal government might end its electric vehicle subsidies and deport owner Elon Musk.

Donald Trump has taken aim at Tesla CEO Elon Musk again, hinting that he could deport him from the United States as the world's richest man continues to criticise the President's spending bill, which would remove EV incentives.