<ul><li>Tesla's stock plummeted after a public dispute between Elon Musk and Donald Trump over proposed rollback of EV tax credits.</li><li>The clash began with Musk criticizing a legislation introduced by Trump to eliminate the federal $7,500 EV tax credit, leading to a heated exchange between the two.</li><li>As tensions escalated, Trump threatened to cut government subsidies to Musk's companies, causing market turmoil and Tesla's stock to drop by 14.2%.</li><li>Efforts are now being made to de-escalate the situation, with reports of arranging a call between Musk and Trump to address the issue and its impact on the EV market in the U.S.</li></ul>

Trump vs. Musk: The Political Power Play That Shook Tesla

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