US EditionElon Musk’s Net Worth Dips Below $400 Billion As Trump Quarrel Erases $17 Billion
- Elon Musk saw his net worth decrease by about $34 billion on Thursday following a heated exchange with President Donald Trump, which triggered a sharp decline in Tesla’s stock value.
- The conflict began earlier this week over disagreements on US debt and legislative priorities, escalating into mutual accusations and insults, including references to the 'Epstein files'.
- Tesla stock fell 14.3%, its 11th-worst day, closing near $303 and wiping off about $150 billion in market value as investors grew concerned about the feud's impact.
- Musk claimed Trump would not have won a second term without his support, while Trump accused Musk of having 'Trump derangement syndrome' and threatened to end his federal contracts.
- The loss marks the second-largest single-day wealth drop recorded and suggests potential challenges ahead for Tesla amid investor uncertainty about Musk's political fallout.
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It's what Elon Musk has lost in just 24 hours. An unprecedented blow to his personal fortune, which shakes him even presumptuously of being the man...
·Madrid, Spain
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The dispute between US President Trump and his most important advisor until recently escalates, which is bad for Musk's business.
·Munich, Germany
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Total News Sources25
Leaning Left5Leaning Right4Center4Last UpdatedBias Distribution38% Left
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- 38% of the sources lean Left
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C 31%
R 31%
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