Tesla Stock Drops Over 5% As Trump Suggests Musk Has ‘Trump Derangement Syndrome'

Core Viewpoint - Tesla's shares fell over 5% following Elon Musk's criticism of President Trump's policy bill, leading to uncertainty in their relationship [1][2]. Group 1: Stock Performance - Tesla's stock dropped 5.8% to approximately $312.60, with losses accelerating after Trump's comments, following a decline of over 3.5% the previous day [2]. - The stock has seen a more than 10% decline over the last five trading sessions, following a 22% increase in May [2]. Group 2: Musk's Criticism - Musk has labeled Trump's policy bill as "massive, outrageous," and "pork-filled," expressing shame towards those who supported it [2][4]. - Musk's recent criticism marks the first time he has directly targeted Trump regarding the bill, referencing a past tweet from Trump expressing embarrassment over extending the debt ceiling [2]. Group 3: Sales Performance - Tesla's sales have declined significantly in key markets, with a drop of over 45% in the U.K. in May, contrasting with a 28% increase in overall industry sales [4]. Group 4: Future Developments - Tesla plans to launch a robotaxi service in Austin, Texas, featuring around 20 self-driving Model Y vehicles, amidst ongoing scrutiny of its self-driving technology [5].