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Elon Musk Becomes $27 Billion Poorer As Trump Quarrel Eats Into Net Worth

  • Elon Musk's net worth decreased significantly after a public dispute with Donald Trump, where Musk criticized the former president's policies, leading to significant backlash.
  • Tesla's net profit dropped 71% in the first quarter, falling to $409 million due to a sharp decline in vehicle sales.
  • Sales of Tesla vehicles in the UK decreased by 45% in May, contrasting with overall electric vehicle market growth.
  • Musk acknowledged his role in the criticism he faces, suggesting he is his own worst enemy during a moment of self-reflection.
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Fortune broke the news in New York, United States on Tuesday, February 11, 2025.
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