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From allies to enemies: The cost of a Musk-Trump split

Tesla and SPaceX CEO Elon Musk and US President Donald Trump shake hands as they attend the men's NCAA wrestling competition at the Wells Fargo Center in Philadelphia, Pennsylvania, on March 22, 2025. [AFP]

The Tesla car company is the cornerstone of Musk’s business empire and has suffered considerably since the entrepreneur dove into politics.

The electric vehicle giant’s stock has plummeted more than 20 per cent since the start of the year, reflecting investor anxiety about Musk’s increasingly polarising public persona.

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