Musk on Trump & Epstein File: Live Updates
- Tesla's valuation took a significant hit on Wall Street as a war of words between CEO Elon Musk and former President Donald Trump spooked investors.
- The sharp decline, a four-year record for the company, pushed Tesla's market capitalization below the $1 trillion mark.
- Musk's recent departure from Trump's administration, where he oversaw the DOGE organization focused on public spending cuts, drew criticism.
Elon Musk and Donald Trump‘s public dispute triggered a massive sell-off, causing Tesla’s stock to plummet and erasing over $170 billion in market capitalization. The sharp decline, a four-year record for the company, sent shockwaves through Wall Street, pushing the electric vehicle pioneer’s valuation below $1 trillion. The
Tesla Stock Plummets Amid Trump and Musk Public Feud
Updated June 05, 2025
Tesla’s valuation took a significant hit on Wall Street as a war of words between CEO Elon Musk and former President Donald Trump spooked investors. The electric vehicle pioneer saw its stock price plunge, resulting in a market capitalization loss exceeding $170 billion.
The sharp decline, a four-year record for the company, pushed Tesla’s market capitalization below the $1 trillion mark. The Tesla stock drop occurred around 9:20 p.m. following heightened tensions between Musk and Trump.
Musk’s recent departure from Trump’s administration, where he oversaw the DOGE organization focused on public spending cuts, drew criticism. He stated his intention to dedicate himself fully to his companies. Though, Musk’s political stances had already impacted Tesla’s market performance in recent months, deterring some potential buyers.
What’s next
The long-term impact of this feud on Tesla remains to be seen, but analysts are closely watching how Musk’s renewed focus on his companies will affect innovation and market strategy.