Photo: Jabin Botsford/The Washington Post

  • Tesla took a hit on Thursday, with shares dropping nearly 9% to below $303 as the Trump-Musk bromance came crashing down.
  • Things looked amicable on May 30 when Trump bid farewell to Elon Musk in a ceremony held in the Oval Office.

Share this article

Tesla shares (TSLA) dropped nearly 9% to under $303 on Thursday afternoon, as tensions between President Donald Trump and Tesla CEO Elon Musk spilled into public view.

Source: Yahoo Finance

Just days ago, the pair shared a White House farewell as Elon Musk stepped down from his role as head of the Department of Government Efficiency (DOGE), where he served as a special government employee.

However, the relationship quickly soured after Musk blasted President Donald Trumps One Big Beautiful Bill in a June 3 X post, calling it a disgusting abomination and slamming it as bloated, wasteful, and deficit-busting.

The rift deepened on Thursday when Trump hit back at Musks criticism of the Republican-backed policy bill.

Im very disappointed because Elon knew the inner workings of this bill, Trump said from the Oval Office during a meeting with German Chancellor Friedrich Merz. Im very disappointed in Elon. Ive helped Elon a lot.