Tesla shares slide as Musk steps up criticism of ally Trump
(Reuters) -Elon Musk, CEO of Tesla and self-proclaimed "First Buddy" of President Donald Trump, has stepped up criticism of the president's massive tax legislation in recent days. Tesla shares dropped more than 5% on Thursday on a day otherwise devoid of news for the electric vehicle maker, leading traders to speculate that Musk's increasingly pointed rhetoric suggests strain in the relationship that has benefited his sprawling empire of businesses. Musk is upset because the bill takes the EV mandate away, President Trump said on Thursday, adding, "Don't know if we'll have a great relationship anymore."
Reuters
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54 minutes ago