Tesla shares have taken a hit in recent days as the world's richest man and U.S. President continue to exchange jabs over the spending bill.

Musk, in his first direct attack on Trump amid a days-long rant against Trump’s signature policy bill, reposted a 2013 tweet from Trump that said he was in disbelief and

Tesla stock dropped 6% early on Tuesday as traders digested a new Truth Social post from Trump, which highlighted how much assistance Musk has gotten from the US government. The president also suggested having DOGE look into cancelling contracts with Musk's business empire.