Overview

• Musk lost $33.9 billion on June 5 when Tesla shares slumped 14% following a public spat with President Trump
• Tesla’s stock rebounded about 6% on Friday despite the ongoing feud
• President Trump threatened to withdraw EV subsidies along with other government contracts over Musk’s criticism of the GOP reconciliation package
• Despite the one-day setback, Musk’s net worth remains at $334.5 billion, preserving his position as the world’s richest person
• The single-day loss nearly equals Tesla’s entire cumulative net income since its initial public offering, underscoring the financial stakes of political conflicts