By BERNARD CONDON
Shares of Elon Musk’s electric vehicle maker are falling sharply Thursday as investors fear his dispute with President Donald Trump could end up hurting the company.
Tesla plunged more than 10% in the afternoon as a disagreement over the U.S. president’s budget bill turned nasty. After Musk said that Trump wouldn’t haven’t gotten elected without his help, Trump implied that he may turn the federal government against his company.
“The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon’s Governmental Subsidies and Contracts,” Trump wrote on his social messaging service Truth Social. “I was always surprised that Biden didn’t do it!”
The drop on Thursday wiped out more than $100 billion from Tesla’s market value, partially re