Okay, so there’s this out of control fight going on between Donald Trump and Elon Musk. The Donald Trump–Elon Musk feud has apparently cost Musk a whopping $34 billion!
It all blew up after Trump went after Musk on Truth Social. The Donald Trump–Elon Musk feud escalated when he called Musk “disloyal” and said his success was all thanks to government handouts and Trump’s past support. This was after Musk said he wouldn’t endorse Trump in 2024 and started criticizing Trump’s policies.
Bloomberg says Musk’s net worth dropped big time after the fight went public, mostly because Tesla’s stock tanked. Investors got nervous when the political stuff started affecting business, and they worry Donald Trump might further impact Tesla with his statements. The Donald Trump–Elon Musk feud raises concerns about its impact on Tesla with right-leaning customers and politicians.
This whole thing has also brought up the question of billionaire involvement in politics, especially since Musk is talking about controversial stuff on X (Twitter). Trump’s attacks and Musk not backing down have created a real problem. This problem, fueled by the Donald Trump–Elon Musk feud, could stick around for Tesla and the upcoming election.
Even with the huge loss, Musk is still one of the richest people around. Donald Trump’s influence in this public fight shows how politics and personal issues can really mess with the stock market, influencing public perceptions of billionaires.
With the 2024 election getting closer, everyone’s watching to see what happens with Trump and Musk. The outcome of the Donald Trump–Elon Musk feud could have a big impact on Silicon Valley, Wall Street, and politics everywhere.
