Opponents of the effort took to vandalizing Tesla vehicles as a form of opposition, and incidents of property destruction skyrocketed nationwide.

Shares of Tesla ( TSLA) fell 9% on Thursday following another dismal earnings report, released after the bell Wednesday.

Musk highlighted plans to release a lower-priced Model Y electric vehicle, spoke about his hopes for a new pay package and talked up plans to roll out Tesla robotaxis more widely.

"Everyone is stating that I will destroy Elon's companies by taking away some, if not all, of the large scale subsidies he receives from the U.S. Government," Trump wrote in a post on Truth Social.

Tesla shares sank Thursday after CEO Elon Musk said the company could face a “few rough quarters” as it transitions to a future focused less on selling cars and more on offering people rides in self-d...

Many prospective buyers have been turned off by Musk’s foray into right-wing politics, and the competition has ramped up in key markets such as Europe and China.