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Trump's Clash with Musk Wipes off Tesla's Mkt Cap by US$150B+ in a Day
A clash between U.S. President Donald Trump and Tesla (TSLA.US) CEO Elon Musk over a spending bill prompted a 14% plunge in Tesla's stock price on Thursday, wiping out US$152 b...
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Trump's Clash with Musk Wipes off Tesla's Mkt Cap by US$150B+ in a Day
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A clash between U.S. President Donald Trump and Tesla (TSLA.US)      CEO Elon Musk over a spending bill prompted a 14% plunge in Tesla's stock price on Thursday, wiping out US$152 billion in Tesla's market cap in a single day.

This marked the largest single-day decline in Tesla's history, with its market cap busting below the US$1 trillion mark, settling at US$916 billion.

Related NewsISM Manufacturing PMI for May in United States is 48.5, lower than the previous value of 48.7. The forecast was 49.5.
The incident was stirred up when Trump posted on Truth Social, criticizing Musk for being emotionally unstable and claiming he had long planned to cancel electric vehicle subsidies.

Musk immediately retaliated that Trump would have already lost the presidential election without his support, and criticized the budget bill as disgusting.
(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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