Elon Musk suffers one of the largest wealth losses ever as Trump feud escalates

Elon Musk, CEO of Tesla with President Donald Trump on Thursday, resulted in the second largest wealth loss ever, according to Bloomberg billionaire index.
the runner It started earlier this week when Musk was harshly criticized by Trump’s “big and beautiful draft law”, but he escalated when the president launched again during a meeting at the White House on Thursday and accused his former adviser of opposing the legislation only because it would lead to the elimination of electric vehicle tax credits.
Musk’s very general response to the social media platform X included the accusation of Trump of “Ingratation” and claimed that his name back In the so -called “Epstein Files”.
Trump eventually threatened to cancel Mousse’s federal contracts, writing On the social truth: “The easiest way to save money in our budget, billions and billions of dollars, is to end the government subsidies and contracts.”
Ultimately, Musk’s wealth suffered an estimated $ 34 billion, according to Bloomberg, only one of the largest loss of wealth in one day, which Musk also suffered in November 2021.
Tesla, Musk’s Electric Company, closed today a decrease of 14.3 %, which represents a loss of $ 150 billion in market value.
From Musk’s point of view, it may not be damaged, according to Bloomberg.
“As much as he lost it as Musa lost on Thursday, it may not include the full blow to his wealth because it does not reflect any harm to the value of his own founder – which is an increasing source of importance to his clear value,” the port mentioned.
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