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Tesla Stock Plunges 17% as Musk-Trump Feud Intensifies; Palantir Gains on Government Ties

Reading time: 2 min • Jun 6, 2025, 01:19 AM (UTC)

Key Points

  • Elon Musk and Donald Trump are trading insults, causing Tesl...

Looks like the bromance is officially over! The latest tech drama has Elon Musk and Donald Trump trading barbs instead of tweets, and Wall Street's feeling the heartbreak.

When Twitter Fingers Turn to Trigger Fingers

Tesla's stock took a nosedive faster than a SpaceX rocket in reverse, plummeting 17% on June 5 after Musk publicly roasted Trump's fiscal policy. The NASDAQ caught some collateral damage too, dropping 0.83% because apparently when tech titans sneeze, the whole market catches a cold.

Musk's bright idea? Calling for a new political party for the "80% in the middle" - because cl...

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