Tesla shares cratered 14% on June 5, the day that the feud hit a fever pitch. The two billionaires began a multi-day spat over the "Big Beautiful Bill" that played out publicly on social media. The sell-off intensified as Trump, when speaking to reporters at the White House, said he was "very disappointed" in Musk's reaction.

U.S. stocks are drifting lower as Wall Street’s momentum slows after setting record highs in each of the last two days. The S&P 500 dipped 0.3% Tuesday and is on track for its first loss in four days.

Tesla (TSLA) is poised to release its second-quarter delivery figures on Wednesday, July 2, with Wall Street anticipating that it will deliver 390,000 vehicles, a sharp decline from 443,956 units in the same period last year.