Car company’s shares dropped by 14.2% and its billionaire CEO’s net worth reduced by $8.73bn
Tesla’s shares dropped by about 14.2% on Thursday at market close, wiping roughly $152bn off the value of the company as a feud between Elon Musk and Donald Trump erupted into public view. The former political allies traded threats and insults through posts on their respective social media platforms throughout the afternoon as the company’s price fell.
The decline in Tesla’s share price on Thursday knocked about $8.73bn off Musk’s total net worth, according to the Bloomberg Billionaires Index. The reported $152bn drop also decreased the value of the company to roughly $900bn.
Tesla has struggled throughout the year amid declining sales and buyers around the world rejecting the automaker due to Musk’s association with far-right politics. Stock traders who had shorted Tesla shares made billions amid the spat, per the Wall Street Journal.
Trump’s Big Beautiful Bill AND Musk’s publicly traded stocks tanking? In one week?
Someday we’ll be able to get gif tattoos and I’m getting this one.
If you got fat enough you could make get the fat rolls tattooed like it’s a flip book.
I agree, I’m almost there.
Or just get all of the key frames tattooed around your waist and then twirl around.
Now, homer, this is a new body fat analysis test. I start you jiggling and measure how long it takes to stop.
This one. This is the comment that got me to put the internet down for today.
Ya know I’ve been told that I have had a great many truly unique thoughts, problem is I must be afflicted by a fae curse because all my truly unique thoughts are fucking horrid.
Subdermal e-ink particles, perhaps?
I wouldn’t be sure about the Big Billionaire Bill (that’s more apt name) I’m sure Republicans will fold and pass it at 4am with some modifications
Are we sure the bill is tanked?
We have seen those things already… The Republicans will say that there’s snowball chance in hell that they will pas it then at 4am will pass it with a single vote.
Like Telsa’s stock, it’s on a downward spiral this week, but it’s far from dead.