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Home > Power Lunch > S&P 500 turns lower as Tesla shares slide, traders weigh Trump-Xi talk 6/5/25
Podcast: Power Lunch
Episode:

S&P 500 turns lower as Tesla shares slide, traders weigh Trump-Xi talk 6/5/25

Category: Business
Duration: 00:42:43
Publish Date: 2025-06-05 19:19:41
Description:

The S&P 500 fell on Thursday, spurred by a drop in shares of electric vehicle maker Tesla. 

Tesla was a big laggard in the session, down more than 11%, after President Trump said he was “very disappointed” in CEO Elon Musk. 

Musk shot back at President Donald Trump, saying in a post on X that “without me, Trump would have lost the election.”

The feud further escalated after Trump called Musk ”‘CRAZY” and signaled that he could cut his companies’ government contracts.

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