The drop comes as shares of the EV maker saw a 22% rally in May with Musk wrapping up his time as head of Trump's Department of Government Efficiency, or DOGE.

Musk has called to “kill” Trump’s policy bill, criticizing the legislation as “massive, outrageous” and “pork-filled.”

The breakup between the president of the United States and the world’s richest man is unfurling much like their relationship started — rapidly, intensely and very publicly. As…