Overview

• Elon Musk publicly criticized Trump trade adviser Peter Navarro, mocking his academic credentials and dismissing his professional contributions.
• Musk's comments followed a CNN clip where Navarro defended the new tariffs, describing them as part of a broader economic restructuring strategy.
• Tesla's stock dropped 10% this week, erasing nearly $18 billion from Musk's wealth, contributing to the market's worst trading week in five years.
• Navarro argued that the tariffs would lead to a U.S. manufacturing boom and $600 billion in annual revenue, urging trust in the administration's policies.
• President Trump described the tariffs as an 'economic revolution,' asserting they would ultimately benefit businesses through pending tax cuts.