Tesla Shares Plunge After Statements from Trump and Musk

Kathmandu, Bhadra 23. The statements between U.S. President Donald Trump and billionaire Elon Musk have affected Tesla's shares. Following the exchange between Trump and Musk on social media, there has been a significant decline in Tesla's stock. On Thursday, Tesla's shares fell by 14 percent, resulting in a loss of approximately $150 billion in the company's market value.

According to experts, this was Tesla's worst day in recent months. Musk appears to be in a confrontational mood after stepping away from the government efficiency department of the Trump administration, making one accusation after another against Trump. On the other hand, Trump has also indicated that he may take tough measures against Musk.

 Trump has warned about canceling agreements between Musk’s company SpaceX and the government. This dispute started after Musk harshly criticized a trade bill introduced by Trump. What began as a policy disagreement between Trump and Musk has now turned personal, and analyses suggest that it could cause further damage to both in the coming days.