Key Points
- Shares of Tesla fell 14% on Thursday as President Donald Trump threatened to pull government contracts for CEO Elon Musk’s companies.
- The move dropped the EV maker $152 billion in value, putting it below the $1 trillion benchmark and settling Thursday at $916 billion.
- “Without me, Trump would have lost the election, Dems would control the House and the Republicans would be 51-49 in the Senate,” Musk posted on X.
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https://www.cnbc.com/2025/06/05/tesla-shares-musk-trump.html