India, June 6 -- Shares of Tesla Inc. plunged around 14 percent on Thursday's trading on the Nasdaq, losing around $152 billion from its market capital in a single day, after CEO Elon Musk's feud with US President Donald Trump turned into a full-blown public war of words.
Tesla's market capitalisation reached below the $1 trillion mark and ended the day at $916 billion. However, the shares returnd to a gain of 1 percent in the extended trading, and are currently trading 6 percent higher in the pre-market activity.
Musk, once a high-level supporter of Trump and a stronghold behind his election win, turned to be critic of the President following the introduction of the Big Beautiful Bill, a sweeping tax and spending package, by the Governme...