Breaking News: Elon Musk Loses $34 Billion Of His Net Worth In A Single Day Over His Fight With Trump, While Tesla Lost $150 Billion!

Elon Musk Loses $34 Billion Of His Net Worth In A Single Day Over His Fight With Trump, While Tesla Lost $150 Billion!

In a dramatic escalation of tensions, the White House announced Friday (May6) that President Donald Trump has no intention of speaking with billionaire Elon Musk, even may go ahead and sell his Red Tesla that he bought to support Elon Musk in March this year. This comes following a public feud that has rocked both men’s spheres of influence. The White House also quashed earlier reports suggesting a reconciliation, signaling a deepening divide between the two titans.

Minute by minute, post by post, Elon Musk’s very public, extremely online feud with President Donald Trump sliced into his vaunted status as the world’s richest person.

The final damage at day’s end: $34 billion erased from his personal net worth, the second-largest loss ever in the history of the Bloomberg Billionaires Index of the 500 wealthiest people on the planet. The only bigger one: his own wipeout in November 2021.

On June 6, 2025, the net worth of Elon Musk dropped nearly $33.9 billion in a day, according to the Bloomberg Billionaires Index, while it fell around $97.9 billion on a year-to-date basis.

Notably, Musk still ranks first in the index with a net worth of $335 billion on June 6, 2025, followed by Meta founder Mark Zuckerberg with $241 billion wealth.