Elon Musk’s net worth took a massive hit, plunging by $34 billion in a single day amid his growing public feud with President Donald Trump.
The sharp decline came as Tesla’s stock nosedived nearly 14%, slashing about $150 billion off the company’s market value.
The drama unfolded after Musk slammed Trump’s $2.4 trillion tax reform plan, calling it the “Debt Slavery Bill.” Trump quickly retaliated, threatening to pull federal contracts from Musk’s ventures like Tesla and SpaceX.
In response, Musk fired back with explosive claims linking Trump to Jeffrey Epstein and even suggested grounding SpaceX’s Dragon spacecraft — a critical asset for NASA — before later walking back those remarks.
Investors reacted nervously, worried that the clash could trigger regulatory issues, especially around electric vehicle tax credits, and destabilize Musk’s business empire.
Analysts warn that the high-profile conflict could jeopardize Tesla’s momentum and create lasting uncertainty.
Despite the staggering loss, Musk remains the world’s richest individual, with a net worth hovering around $335 billion.
