Elon Musk’s Public Fallout with Trump Sends Tesla Stock Plunging Over 14% in a Day
A dramatic public rift between Elon Musk and former President Donald Trump has rattled financial markets, triggering a sharp selloff in tech stocks. Tesla shares nosedived more than 14% in a single trading session following Musk’s outspoken criticism of the “Big and Beautiful” tax cut plan, which he warned could push the U.S. toward bankruptcy. Musk went further, openly supporting efforts to impeach Trump—a move that stunned both political and business circles.
This high-profile clash has cast a long shadow over Wall Street, shaking investor confidence and fueling uncertainty about the future economic and political landscape. With tech stocks at the center of the storm, market watchers say this is a wake-up call investors can’t afford to ignore.