"For Musk, a prolonged feud with Trump could be hugely expensive," noted the report. His companies, including SpaceX, have benefited from billions of dollars in government contracts and were positioned to receive billions more. Trump threatened on Thursday to end those contracts.

Tesla’s market value suffered its biggest one-day drop on record on Thursday as an escalating feud between Donald Trump and Elon Musk triggered a sharp sell-off in the carmakers

Tesla is no longer hot, the president says. After playing influencer-in-chief and hosting a car show in the South Lawn of the White House for the brand in March, Donald Trump is considering getting rid of his red Tesla,