electric vehicles

Line chart showing Tesla stock performance with a downward trend on June 5, 2025.

Tesla Shares Plummet 9% Amid Musk-Trump Tensions Over Budget Bill

06/05/2025

Key Developments Shares of Tesla experienced a significant drop of 9% on Thursday as CEO Elon Musk and former President Donald Trump engaged in a public spat regarding a spending bill currently under consideration in Congress. This decline follows a remarkable 22% rally in May, during which Musk concluded his…