Tesla shares plunged Thursday as Elon Musk’s public attacks on the Trump administration’s tax cut package escalated into a political and financial rupture with President Donald Trump, triggering a $180 billion drop in the company’s market value.

The stock closed down more than 14 percent—its steepest one-day loss this year—and is now off 33 percent since Inauguration Day. The sharp decline followed Musk’s denunciation of the GOP’s flagship domestic policy bill—dubbed the “Big Beautiful Bill”—as a “disgusting abomination” that would “bankrupt America.”

The legislation includes the repeal of the federal $7,500 electric vehicle tax credit, a move Musk has criticized as both fiscally irresponsible and damaging to clean energy incentives. But Trump, in response, said Musk had expressed no ear

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