
Elon Musk net worth slides $12 billion as investors grow ‘tired’
The second Trump presidency hasn’t been the boon for former “first buddy” Elon Musk’s Tesla stock investors had hoped, as shares are down more than 30% since Inauguration Day.
The second Trump presidency hasn’t been the boon for former “first buddy” Elon Musk’s Tesla stock investors had hoped, as shares are down more than 30% since Inauguration Day.
Musk, who has distanced himself from Republicans amid his split with President Donald Trump, has suggested his political party will target Congressional seats.
Musk polled his followers about whether they would want to see a third political party.
The worst year-over-year vehicle delivery decline on record came as Elon Musk fell out of favor with Donald Trump.
“This BFF situation has now turned into a soap opera that remains an overhang on Tesla’s stock,” bemoaned one Wall Street analyst.
After a volatile April for U.S. stocks, a guide to which of the world’s top ten richest came out ahead–and whose fortunes fell.
Musk’s latest post is a climbdown by the billionaire who triggered a public feud with the president by attacking his signature spending bill last week.
Musk has called to “kill” Trump’s policy bill, criticizing the legislation as “massive, outrageous” and “pork-filled.”
The bitcoin price set a new all-time high of $112,000 per bitcoin last month, surging 50% from its April low and helped by U.S. vice president JD Vance issuing a huge crypto prediction.
Musk’s net favorability rating stands at -14.4, according to Nate Silver’s Silver Bulletin.