Tesla shares plummeted 8% after CEO Elon Musk publicly clashed with President Trump over a congressional spending bill. Trump claimed Musk was angered by the bill's exclusion of EV credits, a statement Musk dismissed. Musk further criticized the bill, threatened primary challenges to supporting lawmakers, and even boasted about his role in Trump's election victory. This conflict follows a recent period of strong Tesla stock performance and Musk's recent departure from his government role. Analysts attribute the stock drop to Musk's aggressive stance and unpredictable behavior.

Prepared by Christopher Adams and reviewed by editorial team.