Elon Musk’s Tesla saw its stock tank as much as 17% on Thursday as he feuds with President Donald Trump.

Musk has been fighting with Trump since his departure from the administration over the “big, beautiful bill” and escalated the fight after the president hinted the government should terminate “Elon’s Governmental Subsidies and Contracts.”

“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 Truth Social. “I was always surprised that Biden didn’t do it!”

“Elon was ‘wearing thin,’ | asked him to leave, I took away his EV Mandate that forced everyone to buy Electric Cars that nobody else wanted (that he knew for months I was going to do!), and he just went CRAZY!” he added.

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