WASHINGTON—The feud between President Trump and billionaire Elon Musk reignited this week, with the billionaire Tesla chief executive attacking Republicans’ “big, beautiful bill” and pledging to start a new political party,

President Donald Trump on Tuesday threatened to cut off the billions of dollars in subsidies that Elon Musk’s companies receive from the federal

Tesla stocks have also been negatively impacted by the feud between Trump and Musk. At press time, Tesla stock (TSLA) has been down by over 5.72% in pre-market trading. The company's stock dropped sharply to $296.01, marking a three-week low as of July 1.