Tesla shares fell more than 5% Tuesday after President Donald Trump suggested government subsidies for Musk’s companies—including Tesla—should be scrutinized by the Department of Government Efficiency, as the billionaire CEO attacked Trump’s signature spending bill and threatened to form a new political party, causing Musk’s world-leading fortune to shrink considerably.

Read the full story on Forbes: https://www.forbes.com/sites/siladityaray/2025/07/01/trump-musk-feud-trump-says-musk-shouldnt-play-back-and-forth-game-with-him-live-updates/

https://www.forbes.com/sites/siladityaray/2025/07/01/elon-musks-net-worth-plunges-12-billion-as-trump-targets-musks-empire-in-feud/

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