Tesla stocks close way down amid Musk and Trump's bitter battle

President Donald Trump threatened to pull federal contracts from tech billionaire Elon Musk — and the stock market immediately reflected spooked investors.

Trump's threat on Truth Social came amid a vicious afternoon in which Musk complained of the president's "ingratitude" and even claimed he was listed in the Jeffrey Epstein papers, suggesting he was involved in that man's crimes.

Tesla stock began falling immediately, reaching -17.5% before a small rally at about 3:30 p.m. EST.