<ul><li>US President Donald Trump and Tesla CEO Elon Musk's relationship has deteriorated publicly over a dispute involving electric vehicle (EV) subsidies.</li><li>President Trump accused Musk of going 'crazy' after removing his EV Mandate and called to terminate his governmental subsidies and contracts.</li><li>Musk opposed a bill proposed by President Trump to grow the deficit, called for EV subsidies to be scrapped, leading to a public back-and-forth on social media.</li><li>JP Morgan estimated that the loss of the EV tax credit could cost Tesla around US$1.2 billion annually, leading to a 15% fall in Tesla's share price and impacting its market cap.</li></ul>

Donald Trump says Elon Musk ‘went crazy’ over US EV subsidy cuts

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