:max_bytes(150000):strip_icc()/GettyImages-2217198082-9ff045be4fef4628a3c37d93680bf6dc.jpg?w=1920&resize=1920,1286&ssl=1 "Trump-Musk Rift Costs Tesla a Spot in Trillion Club")
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Tesla CEO Alone Musk’s long -range spat on Thursday gave the EV manufacturer a place at the $ 1 trillion club.
Tesla shares fell over 14% on Thursday as Musk and President Donald Trump exchanged Jabs in social media platforms. Thursday’s decline cut more than $ 150 billion from Tesla’s market capitalization, making its market price around $ 913 billion.
Musk has criticized a large, beautiful bill act of President Trump for days. He called it a “disgusting hatred” on Tuesday, and on Wednesday urged his followers to his followers on X, asking their senators to kill the bill. Musk officially left its role in the cost-cutting department of the Trump administration last week.
Trump on Thursday told the White House reporters that he was “very disappointed” by Musk’s criticism. Trump insisted that he had won the November election without a hundreds of million dollars of musk. Trump later took the truth socially to call Musk “crazy” and threatened to cancel Musk’s official contracts.
Tesla’s stock has been on a rollercaster ride this year. The stocks sold more than 40% of their value in the first quarter, as sales declined, tariffs hit the stock market, and the controversy turned around Kasturi. He returned after Musk in April and May, when Musk said he would return from Washington.
Thursday’s decline erased a lot from that rally and after the beginning of the year, he put about 30% shares.
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