World’s richest man Elon Musk loses Rs 100320 crore in 1 day due to…; Donald Trump threatens to…

Tesla’s shares fell over 5% on Tuesday after a public contradiction between President Donald Trump and billionaire Elon Musk created shock waves in the financial world. Trump suggested that the government should take a closer look at the subsidies of musk companies that contain Tesla and SpaceX. The conflict began after criticizing Trump’s latest expenditure and threatening to start a new political party in response. This conflict had a significant financial impact and Musk’s personal delegation caused only USD $ 12 billion in one day. Following Trump’s words, Tesla’s shares fell more than 6%and fell below 300 USD, the lowest in three weeks. Trump accused Musk of getting more government aid than any person in history, and implying that Musk companies might not survive without him.

Despite the major loss, Musk is still with a reserve of $ 395 billion, and with a reserve of about $ 130 billion from Oracle founder Larry Ellison, the second richest person.

Since the end of May, Tesla’s shares have decreased by 13%, while the wider S&P 500 stock index increased by 5%. Analysts argue that this conflict between Musk and Trump creates uncertainty for investors. The Wedbush analyst Dan Ives described the situation as a “Pink Opera olan that continues to pressure Tesla’s performance.

The fight began when Musk criticized Trump’s basic expenditure plan on the social media platform X. He warned that if the bill is passed, he would form a new political group called “American Party .. Trump said that Musk companies “close the shop” without subsidies and that Musk could be forced to “return home”. Authorized, Musk’s once ruled by the Government of the Ministry of Efficiency (DOGE) called a government organ of Musk companies should investigate how much taxpayer money has gone, he added.

Musk responded strongly, “I literally cut them all. Now” shows that he is ready to quit all federal support.

“Electric cars are good, but not everyone should have to have it, Tr Trump also reminded the public that he is always against the task of electric vehicles (home). His interpretations show that there was a clear difference in the views between Musk and Musk, who were once considered political allies.