Musk turns on Trump, triggering steep Tesla declines

President Trump has threatened to end government subsidies and contracts to Elon Musk's companies, with Tesla facing billions of dollars in annual losses without various state and federal programs. Musk escalated the feud with a series of posts on X, formerly Twitter, attacking the president, erasing $150 billion in Tesla's market value on Thursday before a Friday rebound. After the market's close on Friday, Tesla's market cap stood at about $950 billion, down from roughly $1.1 trillion at the week's start.

Musk's specific criticisms of Trump's bill include the entrepreneur saying: "There is no change to tax incentives for oil & gas, just EV/solar," according to The Hill . The Tesla CEO also said on X : "Abruptly discontinuing th

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