Shares of "Tesla" fell by 14% on Thursday after President Donald Trump threatened to pull government contracts from companies affiliated with billionaire Elon Musk, in a clear escalation of the verbal war between the two parties over the spending bill.
This move resulted in a decrease in the value of the electric vehicle manufacturer by $152 billion, marking the largest hit to its market value ever, bringing it below the trillion-dollar level, stabilizing on Tuesday at $916 billion.
