'Weird, warped world!' CNN host stunned by another 'massive drop' for Tesla

Tesla Motors' stock has suffered ever since billionaire owner Elon Musk married himself to President Donald Trump's movement — and now the two have had a falling out, it has only gotten worse and more macabre for shareholders, CNN's Erin Burnett said on Monday.

"Tesla shares tanking, closing down nearly 7 percent for the day," said Burnett. "That's a massive drop. $12 billion gone from Elon Musk's personal net wealth worth, according to Forbes. And the reason for this is Musk's latest public fight with President Trump. I mean, just imagine juxtaposing me saying this with what we were saying two months ago. Talk about what a weird, warped world we're living in."

"But anyway, now this is the reality," said Burnett. "Trump is accusing Musk of 'going off the rails,' becoming a 'trainwreck' — these are all his words — after Musk said that he is making good on his threat to start a new political party called the America Party, because he's upset about that bill that just passed. He's upset about deficit spending. He wants to primary Republicans who voted for what Trump calls his 'big, beautiful bill.'"

Burnett then brought on market analyst Dan Ives.

"Neither of these individuals are people who de-escalate," said Burnett. "They didn't de-escalate on the love that they had, and they're not now de-escalating on the war that they are engaged in against each other. How bad could this get for Tesla and Musk?"

"Yeah, they're not going to be playing pickleball, drinking lemonade, right?" said Ives. "And I think the biggest problem here is, is that for Musk, it's the last thing, as a Tesla shareholder, you want to see him do in terms of take this sort of political gamble. And ultimately it really creates for — relative to Trump, he's no longer a friend, he's a foe. And that's why the stock's down. Because the worries about what the ... regulatory roadmap could be."

"Look, as a Tesla shareholder, it's a soap opera that's really turned into a nightmare, and it continues to play out," he added.

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