The electric vehicle giant, Tesla, experienced a significant stock downturn on June 5th, with shares plunging a dramatic 14.26 percent, or $47.35, to close at $284.70. The fall continued into after-hours trading, adding another 2 percent to the day’s losses. This sharp decline comes amidst a rapidly escalating feud between Tesla CEO Elon Musk and President Donald Trump.

While Tesla’s stock has shown some recovery since its April low point, it remains substantially down approximately 25 percent for the year, still significantly below its December peak of $488.54. This recent volatility is largely attributed to the increasingly public and acrimonious disagreement between the two high-profile figures.

The conflict ignited when Musk launched a scathing critique of the “One Big Beautiful Bill Act,” a recently passed House bill. Musk publicly denounced the legislation, referring to it as a “disgusting abomination” and urging lawmakers to reject the proposal outright. This bold and highly publicized statement appears to have triggered the market’s negative reaction to Tesla’s stock.

The ongoing feud raises concerns about the potential long-term impact on Tesla’s performance and the broader implications of high-profile political clashes on the financial markets. Analysts are closely monitoring the situation to gauge its lasting effects on both Tesla and the wider economic landscape.