Following some complaints from Musk about the financial danger of the tax and spending bill and a teaser on starting a new political party, Trump counted that "Elon may get more subsidy than any human being in history, by far, and without subsidies, Elon would probably have to close up shop and head back home to South Africa."

Tesla Inc. (NASDAQ:TSLA) saw its stock price fall sharply in premarket trading on Tuesday as the feud between U.S. President Donald Trump and Tesla CEO Elon Musk intensified. Trump accused Musk of benefiting excessively from government subsidies and called for a federal probe into the support Tesla has received.

Tesla shares dropped after President Trump and Elon Musk renewed their feud over Trump's tax-and-spending bill. As Senate Republicans struggle to corral enough votes to pass the "big, beautiful bill,"