Tesla stock tumbles the most since March as Musk and Trump exchange barbs over spending bill

Allison Robbert / AFP via Getty Images

• Shares of Tesla dropped on Thursday as Trump responded to Elon Musk's criticism of the budget bill.
• The stock fell 14%, the most since March, as the president and the Tesla CEO traded barbs.
• Tesla shares are now down roughly 30% year-to-date.

Tesla shares plummeted as much as 18% on Thursday — its biggest intraday drop since September 2020 — before closing 14% lower, the largest closing loss since March.

The declines...