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Musk blinks first in Trump feud that cost him $34 billion
Financial Express Lucknow
|June 07, 2025
WHEN ELON MUSK and Donald Trump joined forces during the presidential campaign, there was always a question over how long their alliance would last and who would prevail if it didn't work out.
After the public spat between the world's richest man and its most-powerful leader spun out of control, the answer was clear: It was Musk who eventually backed down when Tesla Inc.'s stock price tanked and his net worth crumbled by $34 billion.
The damage to Musk's business empire will be difficult to repair—with Tesla's stock up only about 4% soon after the market's open, recouping just some of its previous day's slide.
This story is from the June 07, 2025 edition of Financial Express Lucknow.
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