The Damage Report
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Elon Musk PANICKING As SpaceX Stocks Nosedive
Posted
July 24, 2026
Views
120,020
Likes
4,535
Comments
1,246
Engagement
4.82%
July 24, 2026
120,020
4,535
1,246
4.82%
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9:32Now PlayingStock in Elon Musk's companies continues to fall. John Iadarola and Brett Erlich break it down on The Damage Report. Leave a comment with your thoughts below!
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"Elon Musk has admitted he became too consumed by politics during his volatile alliance with Donald Trump and his brief appointment as the president’s financial axman, running the so-called “department of government efficiency” (Doge).
The world’s richest person, and briefly its first trillionaire after his SpaceX company floated on the New York stock exchange in June, made the confession in a wide-ranging interview with the Economist published on Thursday. He shared his positions on subjects from foreign wars to AI, and made a number of eye-opening predictions for the future.
“I got carried away, frankly,” Musk said of his relationship with the president, whom he helped get elected in 2024 with $200m in financial backing, then served during his controversial tenure as head of Doge, overseeing $150bn in “harmful” budget cuts and forcing tens of thousands of people out of federal jobs."
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260724__DR01_Elon_Musk_Stocks
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