Tesla(US:TSLA) Forbesยท2025-06-05 20:25Core Viewpoint - Tesla's stock experienced a significant decline of over 14% due to the deteriorating relationship between Elon Musk and President Donald Trump, with Musk publicly criticizing Trump's policy bill [1][4]. Stock Performance - Tesla's shares fell by 14.2% to $284.70 at the close of trading, marking it as the 11th-worst trading day since the company's IPO in 2010, despite a partial recovery from a drop of more than 17% earlier in the day [2][3]. Musk's Criticism - Musk has labeled Trump's policy bill as "massive, outrageous," and "pork-filled," expressing disappointment towards those who supported it [3][11]. - Musk's recent comments included a reference to a past tweet from Trump criticizing the extension of the debt ceiling, indicating a shift in their relationship [3]. Market Reaction - The rapid decline in the relationship between Musk and Trump has created significant concern among Tesla investors regarding the company's future [4]. Financial Impact - Musk's net worth decreased by $25.5 billion due to the stock slide, bringing it down to $389 billion according to Forbes [5]. Sales Performance - Tesla's sales have also seen a decline in key markets such as the U.K., Germany, Italy, and China, with a notable drop of over 45% in the U.K. despite a 28% increase in overall industry sales [9]. Future Developments - Tesla is set to launch a robotaxi service in Austin, Texas, featuring 20 self-driving Model Y vehicles, amidst ongoing scrutiny of its self-driving technology [10].