In 2025, tensions between President Trump and Elon Musk resulted in a massive $98 billion decline in Musk’s net worth. This decline was mainly driven by a steep 17% drop in Tesla's stock following the flare-up. The quarrel poses multiple risks, including potential cuts to EV tax breaks and investigations into Tesla's practices. Furthermore, Trump's threats extend to SpaceX, endangering $22 billion in contracts and potentially impacting the satellite internet service Starlink, which serves over 100 countries.
A bitter flare-up with President Donald Trump has significantly impacted Elon Musk's net worth, plunging it by $98 billion in 2025, with Tesla's stock bearing the brunt.
The conflict between Trump and Musk not only affects Tesla's stock but also threatens key contracts and relationships tied to SpaceX, potentially jeopardizing $22 billion in contracts.
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