Tesla stock extended declines from earlier in the week as Trump and Musk traded words over the GOP budget bill, which Musk has described as an "abomination."

By Akash Sriram, Kanchana Chakravarty (Reuters) -Cracks in the relationship between President Donald Trump and Tesla CEO Elon Musk, his self-proclaimed "First Buddy", are scaring Tesla shareholders as the two fired salvos at each other in increasingly heated rhetoric on Thursday.

Musk has called to “kill” Trump’s policy bill, criticizing the legislation as “massive, outrageous” and “pork-filled.”