Tesla stock ready to sink again as Musk-Trump feud heats up and president targets first buddy’s subsidies
What the revived Trump-Musk feud is doing to Tesla stocks
- Tesla's stock price dropped over five percent in premarket trading early on Tuesday after President Donald Trump suggested reviewing government subsidies for Elon Musk's companies.
- The decline occurred during a renewed public feud between Trump and Musk, which began with Musk's criticism of Trump's congressional spending package and his threat to form a new political party.
- Trump stated that Musk's companies received more subsidies than any other individual and proposed that the Department of Government Efficiency (DOGE) investigate these costs.
- Musk responded to Trump's comments by advocating for the complete removal of all subsidies, stating, "I am literally saying CUT IT ALL. Now."
- Trump also made a comment about the possibility of deporting Musk.