Trump-Elon Feud Sparks Market Turmoil as Tesla Shares Plunge

The public clash between former President Donald TRUMP and Elon Musk has sent shockwaves through financial markets, particularly impacting Tesla's valuation. Musk's electric vehicle company saw its shares plummet 14% on Thursday, wiping out $150 billion in market capitalization—the largest single-day drop in Tesla's history.

Pre-market trading showed brief signs of recovery Friday morning, with shares climbing up to 5% on rumors of a potential reconciliation call between the two billionaires. However, Trump's subsequent dismissal of any planned communication during his ABC News interview quickly erased those gains.

The conflict escalated through social media platforms, with both men trading barbs publicly. WHITE House aides attempted to mediate, but their efforts proved unsuccessful. Market analysts note the incident highlights the growing intersection of politics, tech leadership, and financial markets.