Elon Musk's recent social media conflict with President Donald Trump led to a dramatic $34 billion decline in his net worth during a single trading day, primarily driven by a steep drop in Tesla's stock price. Despite being the world's richest person, this incident highlights Musk's vulnerability, as his personal wealth is closely tied to Tesla's performance on the stock market. The altercation could have broader implications, potentially affecting Trump's legislative agenda and Musk's various business dealings, especially concerning federal contracts.
Spending several hours in a social media brawl with President Donald Trump erased $34 billion from Elon Musk's net worth, illustrating his vulnerability despite immense power.
Tesla's stock price dropped nearly 14.26% in a single day, significantly impacting Musk's wealth and pushing the company's market cap below $1 trillion.
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