The Epoch Times ‘This feud does not change our bullish view of Tesla,’ one market analyst says.
Shares of Tesla Motors plummeted on June 5 as the feud between Elon Musk and President Donald Trump intensified.
The electric vehicle maker’s stock fell 14.26 percent, or $47.35, to $284.70. Shares added to their losses in after-hours trading, sliding more than 2 percent.
While Tesla has rebounded since its April low, the stock is still down about 25 percent this year and remains far below its December high of $488.54.
The spat between Trump and Musk began when Musk became highly critical of the One Big Beautiful Bill Act, a tax-and-spend legislation recently passed by the House of Representatives, calling it a “disgusting abomination” and urging lawmakers to “kill the bill.”
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