Tesla stock dropped 6% early on Tuesday as traders digested a new Truth Social post from Trump, which highlighted how much assistance Musk has gotten from the US government. The president also suggested having DOGE look into cancelling contracts with Musk's business empire.

Tesla shares dropped after President Trump and Elon Musk renewed their feud over Trump's tax-and-spending bill. As Senate Republicans struggle to corral enough votes to pass the "big, beautiful bill,"