Shares of Elon Musk’s electric vehicle company plunged more than 14%, knocking about $150 billion off Tesla’s market valuation. The shares started dropping right as President Donald Trump launched into his criticism of his former adviser.

The shares started dropping right as Trump launched into his criticism of his former adviser.

Tesla shares doubled in the weeks after Trump was elected, hitting an all-time high on Dec. 17. They gave back those gains and more during Musk’s time at DOGE.

In April, Musk vowed to focus much more on Tesla and its upcoming launch of driverless taxis in Texas. That pleased investors and the stock rallied until late last week when Musk ramped up his criticism of Trump’s tax bill.

Tesla investors have soured on Musk’s relationship with Trump after initial

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