#ElonMusk 🚨Tesla's shares drop 14% after Trump threatened to cancel federal contracts linked to Elon Musk🚨

Tesla's shares fell 14% on Thursday after President Donald Trump told reporters he was considering canceling federal contracts linked to Elon Musk's companies.

The drop pushed Tesla's value to $916 billion, stripping it of its $1 trillion status and culminating a brutal week that had already seen shares fall nearly 18%.

Trump said the last straw was Elon’s anger over his administration's decision to eliminate credits for electric vehicles from the new spending bill. Speaking from the Oval Office, Trump said: “Elon and I had a great relationship. I don’t know if we will have it anymore. I was surprised.”

But the dispute didn’t start there. On Truth Social, Trump wrote: “Elon was ‘losing his patience,’ I asked him to leave, I took away his electric vehicle mandate that forced everyone to buy electric cars that no one else wanted (that he knew for months he was going to do!), and he just went CRAZY!”