Tesla stock price sinks as Musk and Trump feud over spending bill
CBSN
Tesla shares dipped Tuesday following a renewed spat between Tesla CEO Elon Musk and President Trump over the massive spending bill currently up for a final vote in the Senate.
The electric vehicle company's stock price tumbled 23 points in early trading, or 7.1%. Tesla's stock was down roughly 13 points, or 4%, at $305 per share as of 10:25 a.m., EST, on Tuesday.
Musk reignited a squabble with the president on Saturday by again criticizing the "big, beautiful bill," which President Trump is urging Congress to pass by July 4. The billionaire wrote on X that the bill would "destroy millions of jobs in America." He also suggested on Monday that should the bill pass he would form a new political party and support primary challenges against any Republicans who voted in favor of the legislation.
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