Banking giant says Trump v. Musk spat ‘likely planned strategy,' updates TSLA target
Morgan Stanley (NYSE: MS) analysts have suggested that the recent public spat between Tesla (NASDAQ: TSLA) CEO Elon Musk and President Donald Trump was likely a calculated move. The clash began after Musk criticized Trump’s tax bill for inflating the federal deficit, triggering a 14% drop in Tesla shares and wiping out $150 billion in market value in a day. In response, Trump threatened to cancel federal contracts with Musk’s companies, including SpaceX. Musk briefly considered decommissioning the Dragon sp ...