Washington – Saba:
Tesla shares fell more than 10 percent on Friday after escalating tensions between US President Donald Trump and CEO Elon Musk over the tax cut bill.
Musk recently resigned as an advisor to Trump and sharply criticized the tax cut bill on the congressional agenda, escalating tensions between the two sides, according to Anadolu Agency.
This escalation negatively impacted Tesla's shares, with its price falling more than 10 percent to $298.38.
Trump had previously expressed his deep disappointment with Musk's harsh statements against the tax cut bill on the congressional agenda, shortly after he left the White House.
Trump previously said, "I had a very good relationship with Elon, but I don't know if it still is. I'm very disappointed in him, even though I've been a big supporter of him. He hasn't said anything bad about me yet, but I'm sure he will soon."
Musk responded to Trump's remarks by saying, "Without me, Trump would have lost the election. The Democrats would have taken control of the House of Representatives, and the Republicans would have only a 51-49 majority in the Senate."
Tesla shares fell more than 10 percent on Friday after escalating tensions between US President Donald Trump and CEO Elon Musk over the tax cut bill.
Musk recently resigned as an advisor to Trump and sharply criticized the tax cut bill on the congressional agenda, escalating tensions between the two sides, according to Anadolu Agency.
This escalation negatively impacted Tesla's shares, with its price falling more than 10 percent to $298.38.
Trump had previously expressed his deep disappointment with Musk's harsh statements against the tax cut bill on the congressional agenda, shortly after he left the White House.
Trump previously said, "I had a very good relationship with Elon, but I don't know if it still is. I'm very disappointed in him, even though I've been a big supporter of him. He hasn't said anything bad about me yet, but I'm sure he will soon."
Musk responded to Trump's remarks by saying, "Without me, Trump would have lost the election. The Democrats would have taken control of the House of Representatives, and the Republicans would have only a 51-49 majority in the Senate."