Tesla shares plummeted by 14% following escalating tensions between Elon Musk and President Trump, resulting in a nearly $150 billion market value loss. The fallout stemmed from Trump's threat to revoke government contracts worth billions, causing significant unease among Tesla investors who previously embraced Trump's regulatory stance. The social media exchanges between Musk and Trump evolved from policy conflicts to personal attacks, leading analysts like Dan Ives to express alarm over potential implications for Tesla's future regulatory landscape and its self-driving initiatives, which had initially thrived under perceived Trump administration support.
"Go ahead, make my day," Musk fired back in response to the threat.
Analyst Dan Ives called it "jaw dropping and a shock to the market," reflecting on investors' fears regarding regulatory impacts.
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