WASHINGTON (TNND) — Electric vehicle manufacturer Tesla saw a sharp selloff Thursday amid a public spat between company CEO Elon Musk and President Donald Trump.

Musk last week departed the Trump administration after his status as a special government employee expired. He had worked with Trump as the head of the Department of Government Efficiency (DOGE) and focused on cutting wasteful government spending.

In the days since his departure, Musk has grown increasingly critical of Trump’s “big, beautiful” tax bill which would substantially contribute to the national deficit. This led Trump to respond via Truth Social, sparking a heated public exchange over the merits of the legislation.

Amid the spat Tesla stock took a nosedive, falling from a peak of $322.53 around 12 p.m. ET to $288.36

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