Shares of Tesla dropped by 14.2% as the market closed Thursday, the electric vehicle company’s 11th-worst day on the market ever. At one point in Thursday’s back-and-forth, Trump threatened the federal contracts that funnel billions toward Musk’s companies.

Shares of Elon Musk’s electric vehicle maker are falling sharply Thursday as investors fear his dispute with Donald Trump could end up hurting the company.

Traders dumped Tesla after Musk quickly responded to Trump's criticism with social media posts that stepped up criticism of the president's tax bill.