The rift between President Donald Trump and Tesla chief Elon Musk has captivated the world as a political drama, but it has also become a Wall Street spectacle, highlighting the risk to equity markets from the world's biggest stocks.

Tesla’s stock is driven by sentiment, which has soured greatly. Plus, Musk has now alienated Republicans and Democrats alike.

Elon Musk and Donald Trump hurled insults at each other all day on Thursday after the president’s former ally attacked the bill containing his entire legislative agenda. And though Musk had somewhat backed off his hardline stance a few hours later,