Shares of Elon Musk’s electric vehicle maker plunged more than 14% as investors dumped holdings, as investors fear his dispute with President Donald Trump could end up hurting the company.

"The easiest way to save money in our Budget … is to terminate Elon's Governmental Subsidies and Contracts," Trump said in a post.

Organizers had no idea how much, or how far anti-Elon Musk sentiment has spread beyond the epicenter of his influence in the US.

Elon Musk's latest feud with Trump began with an X post, criticizing the GOP's spending bill.Tesla shares were down 14% by the market's close, wiping out $138B of the company's worth.Bloomberg Billionaires Index estimates that about $34 billion was erased from Musk's net worth.

Elon Musk publicly accused Donald Trump of being named in the Epstein files, fueling online backlash and confusion. Crypto Twitter lit up as users reacted to the explosive claim, which remains unverified.

Elon Musk had advocated ending the $7,500 tax credit for buyers of Tesla and other automakers’ EVs. But with the end of that credit included in the the “big, beautiful bill,” he and the now financially struggling Tesla are arguing for its continuation.

Mark Cuban appeared to like Elon Musk's proposal for a new political party for "the middle" amid the Tesla CEO's fallout with President Donald Trump.