Tesla Stock Plummets $153B Amid Musk-Trump Feud; SpaceX Dragon Threat Walked Back

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2025-06-06 08:02:02

Tesla shares cratered 14.3% in a single session, erasing $153 billion in market value as CEO Elon Musk's public spat with former President Donald TRUMP escalated. The selloff followed Trump's accusation of "Trump derangement syndrome" over Musk's opposition to tax policy, with Musk retorting that Trump "would have lost the election" without his support.

The feud turned existential when Trump threatened to cancel SpaceX contracts, prompting Musk to vow Dragon spacecraft decommissioning—a threat he retracted hours later. Market volatility underscores how personality-driven conflicts can destabilize even megacap equities.

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