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.

Musk, who supported Trump's campaign and also served as an adviser to the White House, has criticized the tax and spending bill the president is pushing.

President Trump warned Elon Musk he may have DOGE look into SpaceX while also saying he will "take a look" at whether he should be deported