Elon Musk's net worth plummeted by $34 billion in a single day following a public feud with President Trump. The dispute stemmed from Musk's criticism of a proposed bill and escalated with personal attacks and threats of cancelled government contracts. Tesla's stock experienced a significant drop, impacting Musk's overall wealth. This incident follows previous instances where Musk's tweets significantly affected Tesla's share price, leading to legal battles with the SEC.

Prepared by Christopher Adams and reviewed by editorial team.