Musk and Trump Clash Publicly: Tesla Stock Plummets

On June 6th, 2025, a public dispute erupted between Elon Musk and Donald Trump, stemming from Musk's criticism of Trump's proposed budget bill. Trump, in a tweet, stated, "I don't mind Elon turning against me, but he should have done so months ago." Musk responded on the social media platform X, claiming that Trump would have lost the election without his support. This public disagreement led to a significant drop in Tesla's stock price on the New York Stock Exchange, falling more than 8.64%. The incident highlights the complex relationship between business and politics, and the potential impact of public statements from influential figures.