Elon Musk's net worth drops by $27b after feud with Trump: report

Musk remains the world's richest individual, despite Tesla stocks dropping by $150 billion in market value


News Desk June 06, 2025
Elon Musk vists Donald Trump at the White House

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Elon Musk faced a significant financial setback on Thursday, losing approximately $27 billion from his net worth after a dramatic plunge in Tesla’s stock, according to a report by the Wall Street Journal.

Shares of Tesla (TSLA.O) dropped 14% overnight, erasing $150 billion in market value, following a public feud between Musk and Trump.

In the aftermath, Trump threatened to cut off government contracts to Musk’s companies, escalating tensions between the two.

However, Tesla shares saw a slight rebound, bouncing 0.8% in after-hours trading.

Read more: Musk accuses Trump of being named in Epstein files

Despite the loss, Musk remains the world’s richest individual, with an estimated net worth of $388 billion, according to the Forbes Real-Time Billionaires List.

The Tesla and SpaceX CEO’s wealth remains substantially ahead of the second-ranked Mark Zuckerberg, whose net worth stands at $236 billion.

Meanwhile, President Donald Trump, whose net worth is estimated at $5.4 billion, is at No. 689 on the Forbes ranking.

Also read: Trump, Musk feud explodes with threats of cutting contracts, backing impeachment

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