BREAKING: Elon Musk has lost $34 billion of his net worth in a day amid his fight with POTUS Donald Trump.

In one of the biggest single-day personal losses in financial history, Tesla CEO Elon Musk saw his net worth drop by a staggering $34 billion on Thursday following a 14% nosedive in Tesla’s stock price. The dramatic dip came amid a heated and very public feud between Musk and U.S. President Donald Trump.

The stock drop wiped out roughly $150 billion in Tesla's market value, sparking concern among investors and prompting global headlines. While Musk still holds his title as the world’s richest person with an estimated net worth of $335 billion, the sudden blow has raised serious questions about the impact of politics on business—and vice versa.

What Sparked the Feud?

The clash began when Musk publicly criticized Trump’s proposed “Big Beautiful Bill”—a massive $2.4 trillion tax and spending package. Trump fired back almost immediately, threatening to cut off all federal contracts and subsidies for Musk’s companies, including Tesla and SpaceX.

Musk didn’t back down. In a post on X (formerly Twitter), he accused Trump of long-standing ties to the late financier Jeffrey Epstein and insinuated that Trump rigged the 2024 election in his favor. The billionaire even threatened to cancel future NASA missions supported by SpaceX, although he has since walked back that comment.

Fallout and Investor Panic

The fallout from the clash was swift. Tesla's stock plunged, sending tremors through Wall Street. Analysts warn that if the feud continues, it could damage investor confidence and potentially threaten Tesla’s government-linked projects and subsidies.

“The markets don’t like uncertainty, and this is uncertainty on steroids,” one market analyst said.

De-escalation on the Horizon?

Despite the chaos, there are signs that cooler heads may prevail. Reports suggest the White House is working behind the scenes to broker a truce, with officials attempting to schedule a private call between Musk and the President.

Meanwhile, Tesla shares have shown signs of early recovery in premarket trading, suggesting investors are cautiously optimistic that the worst may be over—at least for now.

Musk, known for his unpredictable social media persona, has not yet issued a formal statement but posted a cryptic X tweet Friday morning: “Storms pass. Rockets launch.”