The drop comes as shares of the EV maker saw a 22% rally in May with Musk wrapping his time as Trump's Department of Government Efficiency, or DOGE.

Elon Musk left Washington D.C. last week making triumphant yet dubious claims he had achieved most of the federal headcount and spending cuts he’d set out to impose. Scarcely back in his role leading Telsa,

A serious rift has erupted between Elon Musk and President Trump over the massive government spending bill the president has urged Congress to pass. Musk, who donated nearly $275 million toward Trump’s 2024 election campaign,