Tesla shares plummet as Trump-Musk feud over budget bill escalates

Cracks in the relationship between President Donald Trump and Tesla CEO Elon Musk, his self-proclaimed “first buddy,” are scaring Tesla shareholders as the two fired salvos at each other in increasingly heated rhetoric on Thursday.

Shares fell more than 8% on Thursday on a day otherwise devoid of news for the electric automaker, as traders dumped the stock in heavy trading after Musk stepped up his criticism of the president’s tax bill.

Trump fired back, alleging Musk was upset...