Musk Backs Down in Costly Feud with Trump, Losing $34 Billion

Reported about 23 hours ago

In a recent public clash between Elon Musk and Donald Trump, it was Musk who yielded after significant financial losses, with Tesla's stock plummeting and his net worth dropping by $34 billion. Originally allies during the presidential campaign, the duo's relationship soured over Musk's criticism of Trump's policies, particularly regarding tax legislation impacting electric vehicles. After the market backlash from their feud, Musk attempted to ease tensions, acknowledging the need for a cool-off, but it remains uncertain if Trump is willing to reconcile.

Source: YAHOO

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