Tesla shares soared nearly 22% in May, the best month since November 2024, as investors welcomed CEO Elon Musk back with open arms after a few rocky months running the Department of Government Effici...

The Tesla sell-off reverberated through US stock markets, with the S&P 500 and the tech-heavy Nasdaq Composite ending the session down 0.5 per cent and 0.8 per cent respectively.

Trump told reporters on Thursday that he was “very disappointed” in Musk’s criticism since he left his government advisory role.

At the Oval Office today, according to CNBC, Trump indicated that Musk is unhappy that electric-vehicle tax credits are likely to be removed under the so-called Big, Beautiful Bill. Those incentives, enacted into law by President Joe Biden's Inflation Reduction Act, have been in the crosshairs of Trump and other Republicans since their inception.

Less than a week later, their potent political alliance met a dramatic end Thursday when the men attacked each other with blistering epithets.

Asian shares slipped on Friday as investors hunkered down for the all-important U.S. payrolls report, while Tesla suffered huge losses on the very public feud between President Donald Trump and billio...