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Elon Musk’s Feud With President Trump Wipes $152 Billion Off Tesla’s Market Cap
As Elon Musk and Donald Trump take jabs at each other online, their respective businesses are plummeting in value.
Musk took to the platform he owns, X, to lambast Trump’s “One Big Beautiful Bill,” which includes provisions that restrict immigration, limit green energy subsidies, and is estimated to increase the US deficit by $2.4 trillion. “They should initiate a formal investigation of his immigration status because I am of the strong belief that he is an illegal alien, and he should be deported from the country immediately,” Bannon said. Since February, thousands of protestors opposing Musk and Trump’s politics—everything from their climate stances to the actions of DOGE—have gathered outside of Tesla showrooms and service centers across the world.
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