AsianFin -- A heated clash between Elon Musk and President Donald Trump erased over $150 billion from Tesla’s market value on Thursday, knocking the EV giant out of the $1 trillion club.

Tesla shares (TSLA) tumbled more than 14% as the public spat between Musk and Trump escalated across social media. The selloff dragged Tesla’s valuation down to about $913 billion.

Musk has spent the week slamming Trump’s proposed “One Big, Beautiful Bill Act,” calling it a “disgusting abomination” and urging his followers on X to pressure lawmakers to block it. The fallout comes just days after Musk stepped down from his advisory role in Trump’s Department of Government Efficiency.