Musk, who supported Trump's campaign and also served as an adviser to the White House, has criticized the tax and spending bill the president is pushing.

Billionaire’s political threats have not stopped the president’s ‘big, beautiful bill’ hurting the electric-car maker’s profits

In a week that began with the rekindling of an on-again, off-again feud between President Donald Trump and fellow billionaire Elon Musk, newly released sales figures show Musk-owned Tesla Inc. is continuing to lose its position of dominance in the global electric vehicle market.