The pioneer of electric vehicles, Tesla, sank even further on the New York Stock Exchange this Thursday amid a spectacular dispute between its chief, Elon Musk, and U.S. President Donald Trump.
Around 19:05 GMT, which is 13:05 in central Mexico, the stock was down 14.04 percent, trading at $285.41, meaning more than $140 billion in market value loss.
This drop again places the company below the symbolic threshold of a trillion in market capitalization.
Trump said this Thursday that he was 'very disappointed' with Musk's criticism of his mega budget bill.
Around 17:05 GMT, Tesla's shares on Wall Street plummeted 8.64 percent, to $303.35.
"Look, Elon and I had a great relationship. I don't know if we will continue to have it. I was surprised," said the Republican president to reporters in the Oval Office after Musk, until recently one of his closest advisors, called the bill an 'abomination.'
Musk, the richest man in the world, made millions in donations to Trump's campaign and then advised his government on public spending cuts.
This Thursday, he accused him on his social network X of 'ingratitude,' stating that without his support, 'Trump would have lost the elections.'
"Whatever," Musk said in response to a video of President Trump stating that his anger was due to the loss of subsidies for electric vehicles.
"False," the Tesla director later posted about a fragment in which the president claims that Musk knew in advance the content of the bill.
Musk announced last week that his role in the U.S. government was coming to an end, shortly after criticizing Trump's budget bill.
The South African-born tech mogul estimates that this bill approved by the House of Representatives and pending a vote in the Senate would increase the deficit and undermine the work of the government efficiency commission (DOGE), which he led and which has fired dozens of public officials.
