Trump, Musk and Tesla
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So far, so-called Bro Billionaire stocks have trounced shares of small companies, according to a team led by Michael Hartnett, investment strategist at BofA Global Research.
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The electric vehicle maker lost $152 billion in market cap Thursday as traders reacted to a public feud between Elon Musk and President Donald Trump.
The rift between President Donald Trump and Tesla chief Elon Musk has captivated the world as a political drama, but it has also become a Wall Street spectacle, highlighting the risk to equity markets from the world's biggest stocks.
Shares of Elon Musk’s electric vehicle maker are falling sharply Thursday as investors fear his dispute with Donald Trump could end up hurting the company.
Tesla stock recovered some of the losses from the previous session on Friday after posting its worst single-day decline since March.
The intensifying feud between Elon Musk and President Donald Trump sent Tesla's stock plunging as investors worried about a tougher regulatory environment for the company.
President Donald Trump suffered a series of legal setbacks on Wednesday in the form of four separate court rulings. Trump came into office on the pledge that he would carry out mass deportations on "day one,