What's funny, and a lot of people are missing this, the whole Tesla stock drop is more about the carbon credit and tax stuff than the feud with Trump. That's a huge part of what was freaking Leon out (as Trump pointed out), from CNBC:
The House-passed reconciliation package would repeal the Inflation Reduction Act’s residential solar credit at the end of the year and rapidly phase down the clean electricity investment credit for all forms of generation except nuclear, disqualifying all but a few shovel-ready projects.
The bill would also terminate most credits for electric vehicles at the end of the year, disqualifying Teslas from a $7,500 incentive at a time when the company is experiencing declining sales and backlash linked to Musk’s actions to gut the federal workforce.
Tesla’s energy division has seen faster growth and higher profits than its vehicle business in recent years. Launched by Musk in 2015, it sells a range of solar and battery energy storage products to homeowners and utility companies.
Tesla Energy urged the Senate to support a “sensible wind down” of the residential solar and the clean electricity investment credits, which it said would allow “continued speedy deployment of over 60 [gigawatts] capacity per year to support AI and domestic manufacturing growth.”
Musk later amplified the message on his personal X account, along with a post from another user that said “slashing solar energy credits is unjust.”
“There is no change to tax incentives for oil & gas, just EV/solar,” Musk wrote.