Musk fallout has tanked Tesla shares... The post The Tesla stock price just lost 14.8% and US$230 billion appeared first on The Motley Fool Australia.

Tesla (TSLA) shares cratered nearly 15% on Thursday after President Donald Trump said he was “disappointed” in billionaire Elon Musk’s opposition of his “One Big Beautiful Bill.” Musk has been a vocal adversary of the said legislation that he’s concerned will exacerbate federal deficits.

Musk slammed Trump’s new “One Big Beautiful Bill,” calling it “a massive, outrageous, pork-filled Congressional spending bill.” He said it worsens the deficit and undoes the cost-cutting efforts he was tasked with under the Department of Government Efficiency (DOGE).

Tesla's investment case now hinges more on the upcoming robotaxi launch and FSD progress than on immediate vehicle sales numbers. Learn more on TSLA stock prospects.

Option traders piled into bearish bets on Tesla Inc. stock on Thursday at the fastest pace on record as a feud between President Trump and Tesla CEO Elon Musk escalated, causing the electric-vehicle maker to tally its biggest drop in market capitalization on record.

This surge is partly attributed to a general market upturn, but a more significant factor has been CEO Elon Musk’s renewed dedication to Tesla after stepping down

Tesla has asked a judge to reject a demand for some of its vehicle crash data held by the U.S. National Highway Transportation Safety Administration, saying that public disclosure of the information could cause competitive harm.

Due to Tesla's innovation and diversification, 24/7 Wall St. sees strong upside potential for the stock by the end of the decade.