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It can be expensive to engage in a public feud with the President of the US.
It can be expensive to engage in a public feud with the President of the US.
What is happening?
Elon Musk and Donald Trump is publicly fighting on social media, after Musk left DOGE and voiced his displeasure with Trumps Big Beautiful Bill.
Big money, big risks
Elon Musk is the wealthiest man in the world, but no matter the number on your bank account, it can be a costly affair to go head to head with the president of the US.
And Thursday clearly showed.
Lost $27 billion
According to Wall Street Journal, Elon Musk had one of his worst days ever economically speaking, as he lost a staggering $27 billion in just one day.
Tesla plummets
The main reason for Musks gigantic loss is the Tesla stocks.
When trading ended Thursday, Tesla was down approx. 14.26 %.
Still the richest person in the world
Even though Musk lost $27 billion Thursday, he is still the richest person in the world.
According to Forbes, Musk has an estimated net worth of around $ 388 billion – way more than the second entry on the list, Mark Zuckerberg, who is estimated to be worth $ 236 billion.