The world’s richest man, Elon Musk, has reportedly lost a staggering $34 billion from his net worth in just one day marking the largest single-day drop ever recorded in financial history.
The sharp decline comes in the middle of ongoing tensions between Musk and U.S. President Donald Trump, following a public fallout over conflicting visions for America’s automotive and energy future.
While Trump continues to push for a mix of gasoline and diesel vehicles, Musk remains a staunch advocate for an all-electric future, aligned with his Tesla empire.
Despite the massive financial setback, sources close to Musk say the billionaire is “still breathing fine,” and remains unshaken in his pursuit of a sustainable energy revolution.
Musk has also used his X (formerly Twitter) platform to throw indirect jabs at Trump’s administration, further fueling the public feud.
Even with the loss, Musk’s fortune remains firmly in the hundreds of billions, keeping him near or at the top of the global rich list.
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