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More on Today's Markets:
Tesla sheds more than $100 billion in market cap after Elon Musk and Donald Trump go to war
Trump expressed “disappointment” over Musk’s opposition to the tax bill pending that is pending in the U.S. Senate and attributed it to the electric vehicle tax credit being pulled. Shares of Tesla (NASDAQ:TSLA) were down 8.5% at 1:10 p.m. after being down more than 9.4% earlier in the session. The selling pressure over the last two days has wiped out more than $100 billion from Tesla's (NASDAQ:TSLA) market cap after taking into account yesterday's decline as well.
Tesla slides 14% after the Elon Musk-Donald Trump tiff goes off the rails
An irritated Trump started off the day saying he was very disappointed with Elon Musk for criticizing his "big beautiful bill" and it ended with him floating the idea of terminating the government contracts of companies owned by Musk. In between, there were a shocking number of insults and grievances traded back and forth.
Trump, Musk in public spat over spending bill; Tesla stock gets hit in the aftermath
The verbal sparring is hitting the electric vehicle (EV) maker's stock, with Tesla (NASDAQ:TSLA) shedding over $100B in market cap. Musk on Tuesday called the bill "a disgusting abomination" and said it would "massively increase the already gigantic budget deficit." "I'd rather have him criticize
