The feud reignited on Monday when Musk, who spent hundreds of millions on Trump's re-election, renewed his criticism of Trump's tax-cut and spending bill, which would eliminate subsidies for electric vehicle purchases that have benefited Tesla,

The Tesla CEO heavily criticized the One Big Beautiful Bill that’s working its way through the U.S. Senate, and the president retaliated once again by threatening to remove subsidies on Musk’s companies and cancel contracts for Tesla and SpaceX.

Global vehicle sales fall 13.5% as the electric- vehicle maker struggles to reverse months of declining sales.

Rivian delivered 10,661 vehicles during its second quarter. That's a drop compared to the same time last year, when Rivian delivered 13,790 vehicles.

Tesla also said that it delivered a total of 384,122 vehicles, including 373,728 Model 3 and Model Y vehicles, as well as 10,394 other vehicles — a 14 percent decline compared to the second quarter of 2024, when it delivered 443,956 vehicles. (For a direct-to-consumer company like Tesla, deliveries are a proxy for sales.)

Tesla Inc. shares jumped after the carmaker posted a less drastic decline in vehicle sales than the most pessimistic analysts feared.

Tesla is headed for another year of shrinking sales after it posted a second straight drop in quarterly deliveries, dragged down by CEO Elon Musk's right-wing political stances and an aging vehicle line-up that has turned off some buyers.