The stock has been on a roller coaster ever since Mr. Trump’s election. The shares are down about 13 percent this week.
The car, which President Trump acquired in March to show his support for Elon Musk, is one of the first tangible casualties of their shattered alliance.
The car, which President Trump acquired in March to show his support for Elon Musk, is one of the first tangible casualties of their shattered alliance.
For all the insults that Mr. Musk and Mr. Trump traded on Thursday, don’t be surprised if they make up again days from now. In the meantime, they both benefit.
The sudden fallout ended a nearly yearlong partnership, during which Mr. Musk helped propel Mr. Trump to the White House and became one of the president’s top advisers.
President Trump said on Thursday that Elon Musk was upset about the repeal of an electric vehicle tax credit — a claim that Mr. Musk swiftly rejected.
Last year alone, companies owned by Elon Musk were promised $3 billion across nearly 100 different government contracts with 17 federal agencies.
The activists behind the Tesla Takedown campaign say they intend to expand beyond protests at the company’s showrooms.
As Mr. Musk steps away from Washington, he faces concerns over his prolonged absence from his businesses including Tesla, SpaceX, xAI and X.
Senate Republicans understand that energy abundance is essential for the economy, national security and the country’s well-being. Now they must act.