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Musk Blinks First in Trump Feud That Cost Him $34 Billion
Posted
June 6, 2025
Views
128,407
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June 6, 2025
128,407
1,043
77
0.87%
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0:18Now PlayingWhen Elon Musk and Donald Trump joined forces during the presidential campaign, there was always a question over how long their alliance would last and who would prevail if it didn’t work out.
After the public spat between the world’s richest man and its most-powerful leader spun out of control on Thursday, the answer was clear: it was Musk who eventually backed down when Tesla Inc.’s stock price tanked and his net worth crumbled by $34 billion. The damage to Musk’s business empire will be difficult repair — with Tesla’s stock up only about 4% soon after the market’s open, recouping just some of its previous day’s slide.
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