We can now put a price Elon Muskis a very public break with President Donald Trump.
Musk’s net value dropped $ 34 billion on Thursday, one of the worst erasures of a day of its personal wealth, according to the billionaire Bloomberg index.
Until Thursday, Musk had especially kept his The criticism focused on the “Big Beautiful Bill” of the GOP. Everything has changed once Musk’s diatribe against the president has become personal.
Musk denied Trump’s characterization that Musk was only criticizing the bill because he would remove the tax credits that would benefit Tesla. He then went further in his tirade, digging up of old tweets of the president who seemed to support the opinions of the CEO, accusing Trump of having links with the deceased financier and the sexual offender registered Jeffrey Epstein, and set out to help Trump win the 2024 elections.
“This is an unfortunate episode of Elon, which is not satisfied with the only major bill, because it does not include the policies he wanted,” said the White House press secretary, Karoline Leavitt, in response to the BI investigation concerning Musk Epstein Post. “The president focuses on the transition from this historic legislation and reinforces it again our country.”
Trump responded with his own beards, threatening to Cancel federal contracts with Musk companies.
Musk said he had immediately Spacex dragon spatial In response to Trump’s threat.
Tesla shares have dropped by more than 14%, which represents around $ 138 billion in the company’s total market capitalization.
The Bloomberg Billionaire index estimated that $ 34 billion in the net value of Musk was destroyed after Thursday’s benefits, representing one of the largest losses of the CEO.
In November 2021, Musk presented a twitter survey, asking his subscribers if he should Sell 10% of its Tesla stock. More than 57% of the 3.5 million responders said: “Yes”.
The position sparked a 16% drop in Tesla shares that week, leading to a Loss of $ 50 billion in the net value of the executive.
Musk, for his part, insisted Publications on social networks have no impact The value of its companies.
However, the Securities and Exchange Commission begged to postpone.
THE Dry musk suite Due to his famous 2018 tweet in which he said he would take Tesla private at $ 420.
The regulation that followed included a fine of $ 20 million and a stipulation which required that musk obtaining legal approval for all audiences on social networks in Tesla. The arrangement has become known as musk “Twitter Sitter.”
Musk tried and failed to eliminate the arrangement, bringing his business to the Supreme Court in 2023. rejected his call Last April.
Musk and a Tesla spokesperson did not respond to a comment request.
