Elon Musk and Donald Trump’s row has been costly, very costly. Musk’s net worth has slumped $33bn as $152bn has been taken off Telsa’s value.
He is still by far the world’s richest person, with a net worth at the time of writing of $335bn, but as Bloomberg notes it’s one of his worst wealth losses ever.
Tesla’s shares dropped by about 14.2% at market close, wiping roughly $152bn off the value of the company and decreasing the value of the company to roughly $900bn.
Stock traders who had shorted Tesla shares made billions amid the spat.
Russian response
Nationalist senator Dmitry Rogozin, who once ran Russia’s space programme, wrote on X: “Elon, don’t be upset! If you encounter insurmountable problems in the US, come to us. Here you will find reliable comrades and complete freedom of technical creativity.”
Dmitry Medvedev, a senior security official and former Russian president, posted: “We are ready to facilitate the conclusion of a peace deal between D and E for a reasonable fee and to accept Starlink shares as payment. Don’t fight, guys!”
Trump’s Tesla
Donald Trump is now considering getting rid of his red Tesla, the Wall Street Journal claims.
Citing a White House official, the WSJ reports that the president, who bought the car as part of a photo-op at the White House to promote Musk’s company amid global anti-Musk protests and calls to boycott Tesla, is considering selling or giving away his car.
NY Post
The front cover of the NY Post reads: “I hate my X!”
Then add: “Big, beautiful breakup – Trump-Elon bromance explodes into insults, threats.”
Related: Popcorn ready? See the best reactions to Trump and Musk’s explosive fallout
