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Tesla Market Value Crashes $150B As Musk & Trump Clash Over EV Tax Credits

  • Elon Musk and former President Donald Trump, who had a positive relationship, are now at odds over the 'One Big Beautiful Bill Act.'
  • The bill aims for economic reforms but faces criticism for cutting social programs and removing federal tax credits for electric vehicles.
  • The public clash between Trump and Musk led to threats of revoking government contracts for Musk's companies and Musk calling the bill an abomination.
  • As a result of the feud, Tesla's market value dropped by $150 billion, with shares plummeting 14.3% in one trading session.

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