Elon Musk’s Fortune Plummets: Loses $100 Billion in a Single Day Amid Explosive Verbal War with Trump—Historic Financial Crash Stuns Wall Street, Tesla Shares Spiral, and Global Markets Reel. Is This the Costliest Celebrity Feud Ever? Shockwaves Hit Tech World as Billionaire Showdown Turns Catastrophic!

The US president threatened to cut contracts with Musk’s companies, causing Tesla shares to plunge, dragging down CEO Elon Musk’s assets.

Closing the trading session on June 5, Tesla shares fell by more than 14%. This caused the company’s capitalization to drop a record $152 billion, to $916 billion.

CEO Elon Musk’s fortune also lost up to $98 billion in just one session, according to the Bloomberg Billionaires Index. Even so, he is still the richest person in the world with $335 billion.

Tesla shares plunged after a fierce verbal battle between CEO Elon Musk and US President Donald Trump on June 5. “Look, Elon and I have had a great relationship. I don’t know if we’re like that anymore,” Trump told reporters in the Oval Office, referring to billionaire Elon Musk. Two days ago, Musk criticized the Republican tax and public spending bill as a “disgusting mistake”, warning that it would cause the mountain of US $36 trillion public debt to swell.

The two then continuously criticized each other on social networks. The US president has threatened to cut government contracts with billionaire Elon Musk’s companies, such as launching rockets and using the Starlink satellite Internet service. US media estimated the value of these contracts at $18 billion.

Musk is a close ally and the biggest donor to Trump’s campaign. After taking office in January, the US president chose the billionaire to lead the Government Performance Committee (DOGE) to reform the government apparatus and save the budget. However, the relationship between the two showed signs of cracking when Musk’s 130-day special government employee period gradually ended and the American billionaire began to attack the Republican super bill.

This week, Tesla shares have fallen by as much as 18%, due to Musk’s repeated attacks on the bill. Generally, since the beginning of the year, this code has lost nearly 30%, getting further and further away from the peak established in December last year.

Tesla currently faces many core problems. It’s a plunge in electric vehicle sales in major markets in Europe and a decline in brand reputation in the West.

The company is also under great pressure to launch a self-driving car service this month in Austin, Texas. Musk said Tesla is testing self-driving cars in this area. Meanwhile, its main rival Waymo has partnered with Uber to commercially operate a large-scale robotaxi service here.