BREAKING: Elon Musk Loses $34 Billion in a Day Amid Feud with President Donald Trump

In a dramatic turn of events, Elon Musk's net worth plummeted by approximately $34 billion on Thursday, marking one of the most significant single-day losses in recent history.

The sharp decline follows an escalating public feud between Musk and President Donald Trump, which has sent shockwaves through financial markets and raised concerns among investors.

Tesla Inc. (TSLA) shares fell by 14.26% to close at $284.70, erasing about $150 billion in market capitalization.

The drop is attributed to investor anxiety over the deteriorating relationship between Musk and Trump, particularly after Musk's criticism of a Trump-backed tax bill that aims to eliminate federal electric vehicle incentives—a move that could significantly impact Tesla's profitability.

According to the Bloomberg Billionaires Index, Musk's fortune decreased by $33.9 billion, bringing his net worth down to $335 billion. Despite the setback, he remains the world's richest individual.

The conflict intensified when Musk publicly opposed the "Big Beautiful Bill," leading Trump to threaten the cancellation of federal contracts with Musk's companies.

In response, Musk accused Trump of being named in the "Epstein files" and announced plans to decommission SpaceX's Dragon spacecraft—a decision he later reversed.

Analysts warn that the feud could have long-term implications for Musk's business ventures, including Tesla and SpaceX.

The potential loss of government contracts and subsidies, coupled with regulatory scrutiny, may affect the companies' operations and profitability.

Investors are urging Musk to focus on his companies' core missions and avoid political entanglements that could jeopardize their success.

As the situation unfolds, stakeholders will be closely monitoring developments to assess the impact on Musk's enterprises and the broader market.