Tesla's stock dropped 14% on Thursday, June 5, 2025, following a public feud between Elon Musk and President Donald Trump. Trump expressed disappointment in Musk during a White House media event, criticizing Musk's opposition to a proposed tax-cut and spending bill. Trump suggested Musk suffered from "Trump Derangement Syndrome" and threatened to cut federal subsidies and contracts for Musk's businesses, including Tesla. This led to a $152 billion loss in Tesla's market value in a single day. Musk responded on X, escalating the conflict by criticizing Trump's policies and even suggesting a change to Tesla's stock ticker to "TACO." The dispute has rattled investors, contributing to the sharp decline in Tesla's stock price.
