#TrumpVsMusk On June 5, 2025, Elon Musk publicly attacked former President Donald Trump over his “One Big Beautiful Bill,” labeling it a "disgusting abomination." Trump retaliated with threats to pull federal subsidies and contracts from Musk’s companies—and even threatened to cut EV tax credits worth $1.2 billion annually .

Immediate Market Impact:

Tesla shares plunged 14–14.3%, erasing between $150–153 billion in market value—its largest single-day drop in four years .

As a result, Musk’s personal net worth dropped by $26.6–34 billion in just hours, marking it one of the most massive 1‑day losses ever for any billionaire .