Why Tesla Stock Is Plummeting Today

Shares of (NASDAQ: TSLA) are falling on Tuesday, down 4.3% as of 12:23 p.m. ET. The drop comes as the S 500 and Nasdaq Composite lost 0.1% and 0.8%, respectively.

Tesla CEO Elon Musk and President Donald Trump reignited their dormant social media conflict yesterday with Trump directly calling for the government to review the subsidies Musk's companies -- including Tesla -- receive.

Musk took to X once again to criticize Trump's "Big Beautiful Bill" currently working its way through Congress. The bill is highly controversial, with the latest version expected to add $3.3 trillion to the U.S. national debt. The newest version also includes not just a repeal of clean energy subsidies included in previous versions, but a tax on certain green initiatives.

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Source Fool.com