Who would have predicted that former billionaire associates Donald Trump and Elon Musk would discover themselves in a public feud? The battle started when Trump introduced his “Large Lovely Invoice,” just for Musk to label it an “abomination” and renegade it with the nickname “Large Ugly Invoice.” This provocation led Trump to threaten the cancellation of Musk’s authorities contracts and subsidies. In retaliation, Musk hinted at discontinuing SpaceX’s Dragon missions, which may have left NASA in a difficult place, in the end impacting Tesla’s market capitalization.
In simply three hours, Tesla worn out its complete annual features for the yr. On Thursday, the corporate’s inventory plummeted by 14%, leading to a staggering lack of $152 billion.
Elon Musk, now the world’s richest particular person with a internet price that after exceeded $400 billion, noticed a lower of $26.6 billion in his fortune attributable to Tesla’s inventory drop. At present, his internet price stands at $387.9 billion, in line with the Forbes Actual-Time Billionaire’s Index.
Following Musk is Meta’s co-founder Mark Zuckerberg, boasting $236.3 billion. Former Amazon CEO Jeff Bezos holds the third spot with a internet price of $223 billion. In distinction, Trump sits at 689th on the billionaire listing with a internet price of $5.4 billion.
Because the inventory market reacted to the drama, Twitter was flooded with reactions and memes from customers. One person famous, “Within the first half of 2025, Teslas had been burned by commies. Within the second half, they are going to be burned by MAGA.” One other known as it “the costliest breakup in historical past.”
The fallout continues to unfold with humor and criticism permeating social media, reflecting the intensifying rivalry between the 2 high-profile figures and its penalties in the marketplace.
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