Car company’s shares dropped by 14.2% and its billionaire CEO’s net worth reduced by $8.73bn
Tesla’s shares dropped by about 14.2% on Thursday at market close, wiping roughly $152bn off the value of the company as a feud between Elon Musk and Donald Trump erupted into public view. The former political allies traded threats and insults through posts on their respective social media platforms throughout the afternoon as the company’s price fell.
The decline in Tesla’s share price on Thursday knocked about $8.73bn off Musk’s total net worth, according to the Bloomberg Billionaires Index. The reported $152bn drop also decreased the value of the company to roughly $900bn.
Tesla has struggled throughout the year amid declining sales and buyers around the world rejecting the automaker due to Musk’s association with far-right politics. Stock traders who had shorted Tesla shares made billions amid the spat, per the Wall Street Journal.
Step 1: Piss off liberals by bankrolling MAGA facists and lose 40-50% of the customer base. Step 2: Piss off MAGA and the other 40-50% of the US customer base. Step 3: Profit?
Wild how international finance is now tied to a feud between a rodeo clown and an adult gundam nerd. I thought the subprime mortgage crisis was stupid but this has to break some record. I’ve accepted that the world will get progressively dumber in my lifetime but at this point I can’t imagine how.
Go trumpy tank that stock
Well, I called it. People thought Tesla stocks will still recover but so long as he is the CEO, the stocks will only go down.
Trump’s Big Beautiful Bill AND Musk’s publicly traded stocks tanking? In one week?
Someday we’ll be able to get gif tattoos and I’m getting this one.
Subdermal e-ink particles, perhaps?
Are we sure the bill is tanked?
Like Telsa’s stock, it’s on a downward spiral this week, but it’s far from dead.
My opinion is that all of these public fights are just theater distracting from passing things behind our back. In a few days they will suddenly make up after they pass whatever they want.
I am so fucking tired of the political bullshit.
obfuscation of the BBB, TARIFFS, DOGE cuts. musk doesnt have access to epstein files, hes basically just rehashing whats been reported in the media already.
This is like the dozen’th article of Elon getting his wealth “wiped out”
Looking forward to see this exact article again next week. This is noise, not news.
Tesla could go to zero and Musk would be just fine.
His real money is in SpaceX, specifically Starlink.
Another company that is likely to fall if Trump makes good on his threat to cancel their contracts.
And they will make up in a few days. Trump will give his fuck boy a few extra government contracts. All of musks stocks will soar. Unless someone actually starts doing something other than post on whatever social media. This is nothing more than market manipulation.
As much as I love to see musk eating shit; I am also bracing myself expecting democrats to embrace him as an “Ally.” American politicians just love it when the most evil corporate monsters are on their side.
They’ve been waiting for this moment since he delivered his nazi salute.
And we’ll find out in a few decades that politicians from both sides bought tons of stock futures to short the stock hours before this happened.
The black eye was signal enough to short that only a moron couldn’t see this as the start of the breakdown. We’ve been waiting for this to come to a head since the campaign trail. No one is supposed it is happening. Most are surprised it took this long.
well its specifically two democrats, Ro Khanna and Ritchie Torres https://www.foxnews.com/politics/democrats-begin-embrace-musk-amid-trump-spat-after-party-railed-against-him-dictator. Khanna is incidentally the house representative for Silicon Valleys district, and Torres is of course a Zionist stooge
Democrats are back to their pre-party switch status
Fight, fight, fight.
Ah, that tasty delicious schadenfreude!!
The best part is, in this battle of “wits”, they are both entirely and completely unarmed.
😂 🤣 🖕
Lol. Stealing that. Here, have a meme in exchange.
Somehow I can’t put it past RFK to pedal some semen-ingesting bullshit.
Incels recently decided that having sex with women was gay. That you absorb estrogen through your penis from vaginal fluids. Like osmosis or something. So I guess with their own dubious “logic” chugging cum would be like taking a testosterone supplement.
Truly, a battle of dimwits.
If this is real, and not some elaborate ruse to manipulate the market, I’m all for it. Fuck these guys.
Oh no, is the company not considered stable if it loses its government welfare?
from the biggest welfare queen.
The true beauty of these idiots’ refusal to read a book and learn from history is: They will always eat each other in the end.
