CNN —

Tesla stock soared in the months after the November presidential election because investors were convinced Donald Trump was about to do massive favors for his largest financial backer, Tesla CEO Elon Musk. But Trump can also do great damage to Musk’s many business interests.

The risk of that damage is one reason that Tesla shares ( TSLA ) tumbled 14% in trading Thursday following the very nasty and public spat between Trump and Musk.

But it’s not just Tesla that could be at risk. SpaceX depends on government contracts for a significant share of its revenue. And Tesla, SpaceX and Musk’s other companies, including social media platform X, artificial intelligence company xAI and brain-computer interface company Neuralink all face regulation from the federal government.

In addi

See Full Page