Tesla shares plunged over 14 per cent after Musk called for Trump's impeachment and linked him to the Epstein files, dragging Tesla below the $1 trillion valuation mark

Tesla's stock surge may not align with its weakening fundamentals, cash concerns, and high valuation. Read here for an analysis of TSLA stock.

Elon Musk's actions in the White House violated norms "at an astonishing pace" for government workers, Elizabeth Warren's office said in a report.

Shares of electric-car maker Tesla (NASDAQ: TSLA) soared in May, climbing more than 23%. This was far greater than the S&P 500 's 5.5% gain. The sharp move higher helped Tesla recover some of its losses from earlier in the year. Shares wrapped up the month down 14% year to date -- a big improvement from declines of more than 40% earlier this year.

Without me, Trump would have lost the election,” Musk retorted. “Such ingratitude,” Musk said in a follow-up post.

Tesla shareholders are urging CEO Elon Musk to concentrate on the company following declining sales and stock prices. In a letter to the board, investors holding 7.9 million shares requested that Musk commit at least 40 hours per week.

Tesla stock outperformed its "Magnificent Seven" peers and the broader Nasdaq Composite index during the month of May.

Musk has said he wants to dedicate more time to his companies, including Tesla, which has suffered declining sales due to the billionaire's government work