[image: Trump and Musk]
The slide in Tesla shares over the course of Wednesday and Thursday marked the worst two-day stretch for the stock since the two days ending Nov. 9, 2021, when it dropped 16.25%.
Tesla’s stock <www.foxbusiness.com/markets/elon-musks-return-drives-tesla-stock-surge-may> is down nearly 20% over the last five days and more than 24.9% year to date.
Since departing his role with the administration, Musk has called the GOP’s One Big Beautiful Bill Act a “disgusting abomination <www.foxbusiness.com/politics/elon-musk-slams-gop-tax-bill-over-deficit-impact-disgusting-abomination>” and urged Republican lawmakers to kill the bill due to its projected impact on budget deficits.
Trump spoke to the press on Thursday during a White House meeting with German Chancellor Friedrich Merz and said he was “very disappointed” with Musk’s criticism of the bill and suggested Musk was aware that Tesla’s EV subsidies <www.foxbusiness.com/category/tesla> would be cut.
The slide in Tesla shares over the course of Wednesday and Thursday marked the worst two-day stretch for the stock since the two days ending Nov. 9, 2021, when it dropped 16.25%.
Tesla’s stock <www.foxbusiness.com/markets/elon-musks-return-drives-tesla-stock-surge-may> is down nearly 20% over the last five days and more than 24.9% year to date.
Since departing his role with the administration, Musk has called the GOP’s One Big Beautiful Bill Act a “disgusting abomination <www.foxbusiness.com/politics/elon-musk-slams-gop-tax-bill-over-deficit-impact-disgusting-abomination>” and urged Republican lawmakers to kill the bill due to its projected impact on budget deficits.
Trump spoke to the press on Thursday during a White House meeting with German Chancellor Friedrich Merz and said he was “very disappointed” with Musk’s criticism of the bill and suggested Musk was aware that Tesla’s EV subsidies <www.foxbusiness.com/category/tesla> would be cut.
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