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Tesla shares tumble as Trump-Musk feud erupts

Tesla shares plunged 14%, marking one of the steepest declines in months as Musk and Trump battled online.

He said the clash had sparked fear among investors about what it might mean for regulation of the company, which is seeking to expand self-driving and robotics and had hoped for a more relaxed regulatory approach under the Trump administration. But investor sentiment soured this year, as Musk's alliance with Trump and his role leading controversial cuts to government spending proved a lightning rod, sparking backlash and hurting sales, especially in Europe. Trump said Musk's welcome at the White House was wearing thin and accused him of being unhappy about the elimination of a tax credit for electric vehicles, which has been key to Tesla's sales in the US.

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