Tesla Stock Plunges 8% As Trump Suggests Musk Has ‘Trump Derangement Syndrome'

Core Viewpoint - Tesla's shares fell over 8% amid escalating tensions between Elon Musk and President Trump, with Musk criticizing Trump's policy bill as "massive, outrageous," and "pork-filled" [1][2]. Stock Performance - Tesla's stock dropped 8.3% to approximately $304.50, marking its largest decline since a 10.4% drop on April 4 [2]. - The stock has seen a more than 10% decline over the last five trading sessions, following a 22% increase in May [2]. Sales Performance - Tesla's sales decreased significantly in key markets, with a more than 45% drop in the U.K. in May, contrasting with a 28% increase across the industry [4]. Company Developments - Tesla plans to launch a robotaxi service in Austin, Texas, featuring around 20 self-driving Model Y vehicles, despite ongoing scrutiny regarding its self-driving technology [5]. - Musk's recent criticisms of Trump's policy bill come after his tenure leading the Department of Government Efficiency, with indications that he may focus more on Tesla moving forward [7].