$BNB

Tesla shares plummeted sharply at the close of trading yesterday by 16%, resulting in market losses of more than $150 billion, the largest loss ever amid the escalating verbal war between #Elon_Musk and U.S. President Donald #Trump

📌 Trump said he is "very disappointed" due to Musk's criticisms of the tax bill

📌 Musk unleashed a barrage of posts on the platform X that he owns, stating in one of them, "Without me, Trump would have lost the election"

📌 Trump later responded by saying that the easiest way to save billions of dollars in our budget is to end contracts and federal support extended to Musk's companies, and he said he asked him to leave his administration, to which Musk replied, "Liar"

📌 Trump's massive tax bill would largely eliminate a $7,500 credit for buyers of certain Tesla models and other electric vehicles by the end of this year

📌 This would translate to a loss of nearly $1.2 billion from Tesla's full-year profitability, according to JP Morgan analysts

📌 The measures threaten nearly half of the $6 billion in earnings before interest and taxes that Wall Street expects for Tesla this year

📌 After leaving his official advisory role in the White House last week, Musk has been on a mission to block the tax bill, which he described as "disgusting"