Tesla's stock price fell 14% Thursday as Elon Musk waged a Twitter war with the president. President Donald Trump threatened to "terminate Elon’s Governmental Subsidies and Contracts” in a post on his social media platform, Truth Social, triggering $152 billion in market cap loss for the electric car brand, the biggest single-day loss the company has ever recorded.

The spat has opened a debate within the Republican party between Trump's populist base and Musk's Silicon Valley technocratic approach as the Senate prepares to vote on the president's "Big Beautiful Bill. " The current draft of the omnibus legislation, which funds Trump's tax cuts by making deep cuts to government spending, does not include EV credits and would require electric car owners to pay an annual fee to fund the Hi

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