Tesla Shares Drop After Trump Threatens to Terminate Musk's Government Contracts-February 2024-www.financetom.com

Tesla Shares Drop After Trump Threatens to Terminate Musk's Government Contracts

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Tesla Shares Drop After Trump Threatens to Terminate Musk's Government Contracts

Jun 5, 2025 12:12 PM

02:59 PM EDT, 06/05/2025 (MT Newswires) -- Tesla (TSLA) shares dropped more than 13% in recent Thursday trading after US President Donald Trump threatened to terminate Elon Musk's government contracts in a Truth Social post.

"The easiest way to save money in our budget, billions and billions of dollars, is to terminate Elon's governmental subsidies and contracts," Trump said. "I was always surprised that Biden didn't do it!"

Price: 288.04, Change: -44.01, Percent Change: -13.25

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