(Adds comment, updates prices)

NEW YORK, June 5 (Reuters) - President Donald Trump

lashed out on Thursday against Elon Musk, saying he was

"disappointed" by the billionaire's public opposition to the

sweeping tax-cut and spending bill that is at the heart of

Trump's agenda.

The president also asserted that Musk's days of blistering

attacks on the bill were motivated by the proposed elimination

of consumer tax credits for electric vehicles. Musk, the CEO of

electric vehicle maker Tesla, has said he opposes the

bill because it will increase federal deficits.

Trump further suggested he may terminate U.S. government

contracts and subsidies given to Elon Musk's companies.

Tesla plunged nearly 12% at $292.58, while Trump Media and

Technology Group Corp ( DJT ) dropped 4.1% to $20.98.

COMMENTS:

BOB DOLL, CHIEF EXECUTIVE OFFICER AND CHIEF INVESTMENT

OFFICER, CROSSMARK, PRINCETON, NEW JERSEY:

"It's not very helpful, because Elon Musk has a big mouth, a

lot of influence. Yeah, he's going to embolden some of the

Republican representatives that voted yes the first time to

question it."

JUAN PEREZ, DIRECTOR OF TRADING, MONEX USA, WASHINGTON:

"Where there is friction there can also be volatility. Musk and

Trump both represent a rethink about global power dynamics with

big companies catching up to what it can mean for less

regulation accompanied with less oversight. Trump and Musk seem

to agree on being very supply-driven in their actions, but as

Musk has gotten a taste of government powerholding and

delegating, his opinions may only get stronger and prove an

affront to White House goals."

"It seems now that the two parties clash when it comes to

defining 'efficiency' and ultimately the EV-world that Musk has

so much influence over is not being treated with soft gloves by

a Congress that seems concentrated on items that may not appeal

to big business as much as they anticipated. Stock enthusiasm in

general domestically has gone down, but we shall see if Musk is

able to have an influence as a guiding hand or play a role in

countering the narrative that the U.S budget and mentality on

spending does have to be so fundamentally changed."

MARK SPIEGEL, PORTFOLIO MANAGER, STANPHYL CAPITAL, NEW YORK:

"I think the fallout for Tesla stock is self-evident! It's down

over 9% on the day, and down significantly in the previous

several days as it became obvious that the relationship was

fraying. Tesla will be lucky to earn $1/share this year and is

thus fundamentally worth no more than around $10/share versus

the current $300. Live by the 'meme vibe,' die by the 'meme

vibe'!"

"I see no meaningful fallout from this for the rest of the

market, other than its slight effect on the indexes and index

funds. The overall stock market has plenty of problems, but

Tesla isn't one of them."

BILL STRAZZULLO, CHIEF MARKET STRATEGIST, BELL CURVE TRADING,

BOSTON:

"People are saying Elon Musk is just trying to stand up for the

American people and stuff like that. No! He's trying to stand up

for himself. You know there's parts of this tax bill that don't

go over well with him like the elimination of the tax credits

for the electronic vehicles and things like that. That to me is

a big part of the reason why there's a rift not because he's

trying to stand up for the American people...and I also think

there's a big embarrassment with DOGE. There are some reports

out there that DOGE will probably cost more than money than

saved. So that's a big black eye for Musk and the rift is

probably some sort of cover for that as well."