New Delhi, June 6 -- Tesla share price crashed more than 14% on Thursday as the public feud between CEO Elon Musk and US President Trump intensified. Tesla shares slumped as much as 14.26% to close at $284.70 apiece, contributing to a broader decline in tech stocks.
Tesla share price has now declined in four of the last five trading sessions. Since the public spat began, the electric vehicle (EV) maker has seen its market capitalization shrink by approximately $150 billion.
Musk has recently stepped up his criticism of the president's sweeping tax and spending legislation. In response, Trump alleged that Musk's opposition stems from the bill's removal of certain tax incentives for electric vehicle purchases, Reuters reported.
Thursday'...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.