TSLA: Tesla Stock Washes Out Record Market Value After Trump-Musk Bromance Blows Up

It’s the President vs. the world’s richest man — the fallout of the year has finally happened. It’s spectacular. And Tesla paid $152 billion for it.

💥 Tesla Shares Crash 14%

• Tesla stock TSLA erased a record $152 billion in one session when things finally went down. On Thursday, shares of the EV maker crashed 14% after President Trump and Elon Musk, who just got out of politics, had THE feud we’ve all been waiting for. And then some.
• Trump threatened to pull government contracts for Musk’s companies after the Tesla CEO said that he was the reason Trump got elected in the first place.
• “Whatever,” Musk said. “Without me, Trump would have lost the election, Dems would control the House and the Republicans would be 51-49 in the Senate,” he posted on X, adding that Trump was “ungrateful.”

👋 Trump Says Musk Went “CRAZY”

• “Elon was ‘wearing thin,’ I asked him to leave, I took away his EV Mandate that forced everyone to buy Electric Cars that nobody else wanted (that he knew for months I was going to do!), and he just went CRAZY!” Trump wrote on Truth Social.
• “Elon and I had a great relationship. I don’t know if we will anymore,” Trump said in the Oval Office on Thursday. “I was surprised.”
• Trump went on to say that Musk was suffering from “Trump derangement syndrome” and that his opposition to the “big, beautiful bill” was because of the EV tax credits rollback.

👊 High School Fight but for Big Shots

• The fiery exchange burned a $34 billion hole in Elon Musk’s fortune, which now sits at $335 billion. Not too close, still, is Meta’s Mark Zuckerberg with $241 billion as the second-richest person out there.
• The showdown drew the attention of other big-shots like Bill Ackman who urged the two men to stop fighting and “make peace for the benefit of our country.”
• “We are much stronger together than apart,” the Pershing Square founder and CEO said, with Musk replying: “You’re not wrong.”
• At one point, Musk said he’ll be “decommissioning” SpaceX’s Dragon spacecraft used by NASA (also, Trump said Musk’s favorite pick to lead NASA wasn’t getting the job). Then an X user told him to "cool off and take a step back for a couple of days," Musk wrote: "Good advice. Ok, we won't decommission Dragon."