Investors sold off shares in Tesla on Thursday, as tensions erupted between boss Elon Musk and US President Donald Trump.
Shares in the electric car company dropped 14%, wiping out roughly $150bn in market value in one of the worst days in months.
The losses were an indication of what might be at stake for Musk, as he breaks with a White House known for wielding the power of government against what it sees as enemies.
As the dispute devolved, Trump threatened to cut off government contracts to Musk’s companies, including rocket firm SpaceX, which has contracts worth tens of billions of dollars with the government.
“Go ahead, make my day,” Musk fired back in response to the threat.
The stark turn in the relationship between the two men played out live on social media, quickly spiralling from policy disagreements into personal insults.
Analyst Dan Ives of Wedbush Securities, a…
