Elon Musk loses $27 billion in a day amid clash with Trump
Web Desk
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11 months ago
Elon Musk, the world’s richest person, suffered a staggering $27 billion loss in a single day as Tesla shares dropped by 14%.
The sharp decline followed a rift with former U.S. President Donald Trump, who threatened to cancel government contracts with Musk’s companies. The tension led to a $150 billion drop in Tesla’s market value.
Despite the dip, Tesla shares saw a slight recovery of 0.8% in after-hours trading.
According to Forbes’ Real-Time Billionaires List, Musk still retains the top spot with a net worth of $388 billion. He is followed by Meta CEO Mark Zuckerberg at $236 billion, while Donald Trump ranks 689th with $5.4 billion.
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