<ul data-eligibleForWebStory="true"><li>Shares of Tesla Inc. dropped over 7% after President Trump targeted Elon Musk, resulting in a heated exchange between the two.</li><li>Trump threatened to use the Department of Government Efficiency (DOGE) against Musk, highlighting Musk's reliance on government subsidies for companies like SpaceX and Starlink.</li><li>The feud escalated further with Musk criticizing Trump's spending bill, potential removal of electric vehicle tax credits, and hinting at forming a new political party called the 'America Party.'</li><li>The possibility of Trump canceling government contracts with Musk's firms and impacting Tesla's finances was raised, with Trump even mentioning the idea of deporting Musk.</li></ul>

Tesla shares slump after Trump threatens Elon Musk with DOGE and entertains deportation

Discover more