#TrumpVsMusk

A dispute between Trump and Musk causes massive financial losses exceeding 35 billion dollars in a single day

American media reports revealed that a dispute occurred between U.S. President Donald Trump and businessman Elon Musk, resulting in significant financial losses for both parties, totaling over 35 billion dollars within just 24 hours.

According to Axios, shares of the “Trump Media & Technology Group” fell by 8%, leading to an estimated loss of around 202 million dollars from Trump's fortune.

The value of the cryptocurrency associated with his name, known as “TRUMP Coin,” also dropped by nearly 10%, which is believed to have cost Trump an additional loss estimated at around 900 million dollars, bringing his total losses to over a billion dollars in a single day.

In contrast, data from the “Bloomberg Billionaires Index” indicated that Musk's losses amounted to about 33.9 billion dollars on the same day, reducing his fortune to approximately 335 billion dollars, despite retaining the top spot on the list of the world's richest people. This marks the second-largest daily loss recorded by the index since its launch, following a previous decline in Musk's fortune in November 2021.

The reports did not specify the exact nature of the dispute that erupted between the two men or its direct impact on the market, but the losses reflect the sensitivity of markets to statements and tensions among influential public figures.