Shares of electric vehicle maker Tesla tumbled 8% in morning trading as the feud between CEO Elon Musk and Trump reignited over the weekend

Shares in Tesla tanked by as much as 7.6% in premarket trading Monday after its CEO Elon Musk said he is forming a new American political party, provoking an irate response from US President Donald Trump.

Tesla has scheduled an annual shareholder meeting for November, one day after it came under pressure from major shareholders to do so.

On his social media platform X on Tuesday, the billionaire posted "Shut up, Dan," just hours after the analyst and Tesla fan recommended that the electric car maker's board of directors curb the CEO's political activity.

The wealth of Tesla Inc. TSLA CEO Elon Musk continues to take a hit in 2025, with the tech billionaire’s push into politics weighing down the value of his electric vehicle company. The value of Musk's net worth has decreased significantly in 2025,

White House Chief of Staff Susie Wiles has called President Trump’s falling out with Tesla and SpaceX CEO Elon Musk “very troublesome” but ultimately a “little hiccup” for the administration on the latest episode of “Pod Force One,

Trump’s “Ice Maiden” Chief of Staff Susie Wiles has admitted that the president and Elon Musk suffered a “very troublesome” end to their friendship. When Musk’s stint as a special government employee ended in May,