The spectacular falling out between U.S. President Donald Trump and the world’s richest person, Elon Musk, is reverberating across global markets Friday morning. The tit-for-tat feud, which has taken place via snarky social media posts and Oval Office camera interviews, sent shares of Musk’s electric vehicle maker Tesla Inc. plunging 14 per cent on Thursday, wiping US$34 billion off Musk’s net worth and rattling investors. Here, Financial Post explains what’s going on and what it means for Tesla shareholders.
