Elon Musk, the CEO of Tesla, lost $34 billion in net worth on Thursday after his company’s stock plummeted in response to the online fight he got in with President Donald Trump
Over the last week, some Tesla stock investors had begun pulling their investments as Musk insulted Trump’s “Big Beautiful Bill” and made a swift exit from his “special government employee” position.
But, investors acted much more quickly while witnessing the two men engage in a back-and-forth on their respective social media platforms.
Trump claimed he asked “crazy” Musk to leave his administration. Musk took credit for Trump’s election win. Trump threatened to pull Musk’s government contracts. Musk accused Trump of being named in the “Epstein files.”
Down the stock went, ending the day at a 14 percent loss – equating to a $34 billion valuation for Musk.
While many claim to have anticipated the online feud, it’s a long way away from Musk jumping for joy onstage at Trump’s rallies or the duo’s Oval Office press conferences.
The cracks started to appear in their relationship after the tech mogul refused to stand by and praise Trump’s spending bill, which he has characterized as disastrous for the government.
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Ile ti a f’ito mo, iri ni yoo wo! Has Trump ever had a permanent friend? what made Elon thought his case would be different is what I don’t know. Everyone that has courted Trump at one time or the other are either in jail now or in grave. That guy is a cancer!
Musk enjoyed it, let him deal with it