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Musk could lose billions of dollars depending on how spat with Trump unfolds
- On Thursday, Tesla shares fell 14.26%, erasing $152 billion in market value amid Elon Musk's public dispute with Donald Trump.
- The drop followed Musk's harsh criticism of Trump's budget bill, which Trump defended while threatening to cut contracts with Musk's companies.
- Musk's businesses, including SpaceX, Tesla, and Starlink, depend heavily on government contracts totaling about $22 billion, fueling concerns over potential disruptions.
- Musk's net worth dropped $33.9 billion to $335 billion on Thursday, marking his largest single-day loss amid rising political tensions.
- The feud risks delaying Tesla's self-driving plans, limiting SpaceX missions, and shrinking Starlink deals, potentially costing Musk billions in future sales.
93 Articles
93 Articles
The richest man in the world is also the world champion in the removal of subsidies and subsidies. After his quarrel with the US president, he can probably say goodbye to many donations. No wonder that after his social media war against US President Donald Trump suddenly rowed back on Friday morning and (forgivably) hoped for a phone call with his former "Best Buddy" in the White House. Because the threat of the president to withdraw all state s…
The dispute between US President Donald Trump and Elon Musk is about far more than two egos: both depend on each other. Canadian historian Quinn Slobodian says: The loser is still certain.
Sydney Morning Herald
The AgeThe one Musk business that’s winning from the Trump bust-up
The war of words between the US president and the world’s richest man has been playing out in real time, and there’s one place where people are tuning in to catch the soap opera.
Musk could lose billions as spat with Trump unfolds
NEW YORK — The world’s richest man could lose billions of dollars in his fight with the world’s most powerful politician. The feud between Elon Musk and Donald Trump could mean Tesla’s plans for self-driving cars would hit a roadblock, with SpaceX flying fewer missions, Starlink getting fewer satellite contracts and social media platform X losing advertisers. It all depends on Trump’s appetite for revenge and how the dispute unfolds. “Since Trum…
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