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Tesla share plunge amid Trump feud wipes $152bn off Elon Musk’s company

  • Tesla's shares dropped by about 14.2% on Thursday, resulting in a loss of roughly $152bn off the company's value in a feud between Elon Musk and Donald Trump.
  • Trump threatened to cut Musk's government subsidies and contracts, while Musk retaliated by threatening to decommission SpaceX spacecraft relied on by NASA.
  • The decline in Tesla's share price also decreased Musk's net worth by $8.73bn and the company's value to approximately $900bn.
  • The public and personal feud between Musk and Trump could potentially impact Musk's businesses, like Tesla, with canceled government deals or increased regulatory scrutiny.

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