Elon Musk: After the conflict with Trump, Musk suffered huge losses, lost $380 billion


Posted on 7th Jun 2025 02:16 pm by rohit kumar

Elon Musk, who was once Trump's biggest supporter, has now become one of his biggest critics. Musk is publicly criticizing Trump and Trump has also publicly retaliated. Trump has threatened to stop government contracts to Tesla and SpaceX. Due to this Musk is likely to suffer huge losses. Also, after clashing with Trump, the shares of Musk's company Tesla have fallen drastically. According to media reports, due to the fall in Tesla's shares, Elon Musk has suffered a loss of about $ 380 billion (about Rs 32 lakh crore) since January.

 

Tesla's market capitalization decreased by 29 percent.

Tesla's market capitalization has decreased by 29 percent and this year Tesla has been the worst performer among large-cap stocks. At the beginning of the year 2025, Tesla was the eighth largest company in the whole world, now it has come to 10th place. As the head of the Department of Government Efficiency in the Trump administration, Musk cut a large number of federal government expenses. During this time, a large number of people were fired from their jobs. Musk also had to face opposition to this and people in America vandalized Tesla and Tesla showrooms. Tesla also suffered a lot due to this.

 

Tesla shares fell 14 percent in a day.

 

After the tussle with Trump, Tesla's shares fell by 14 percent on June 6. Due to which the company has lost $ 150 billion in a day. This is one of the biggest losses suffered by any company in a day. Musk's troubles are still not over because Trump has threatened to end the government contracts of Musk's companies Tesla and SpaceX in a post shared on social media.

 

What is the reason for the tussle between Trump and Musk?

 

The reason for the tussle between Trump and Musk is regarding the tax bill being brought by the Trump administration. Musk is opposing this bill. Whereas Trump says that the purpose of this bill is to cut taxes, increase the defense budget and strengthen border security. However, the compulsion of electric vehicles has been abolished in this bill. Along with this, the $7500 discount on buying an EV has also been abolished. It is believed that Musk may object to these provisions.

1 Like 0 Dislike
Previous news Next news
Other news

Shah Rukh Khan was impressed with the trailer of Tanvi The Great, and said this for his close friend Anupam Kher

Anupam Kher, who has ruled Hindi cinema for the last four decades, is now not only an actor but a

Operation Sindhu begins: The first batch of 110 Indians from Iran reached India; family members shed tears after meeting their loved ones.

Given the ongoing war between Israel and Iran, the Government of India has started Operation Sind

Kapil Sharma: 'Attack on dreams, but we will not break', statement from the 'Kaps Cafe' team after the firing.

The past day was no less than a nightmare for comedian Kapil Sharma. A man suddenly opened fire o

Covid-19: Discussion on two variants of Corona NIMBUS and STRATUS, has a new variant arrived again?

For more than a month now, the outbreak of coronavirus has been seen in many countries of the wor

Israel-Iran War: Is Mossad playing a new trick? Khamenei's order to citizens said- to delete WhatsApp immediately

Amid the war with Israel, Iran has asked its citizens to uninstall WhatsApp. Iranian state televi

Radhika Yadav Murder: Why did the father kill Radhika? The reason came out in the investigation; this thing used to hurt the villagers.

A new revelation has been made in the case of the murder of a level female tennis player, Radhika

Shefali Jariwala Death: What happened on the night of death? Know the update related to the Shefali Jariwala case.

The night of June 27 brought bad news for Bollywood and TV industry. 'Kaanta Laga Girl' Shefali J

Why is the new sub-variant of COVID-19 NB.1.8.1 in the news? WHO is also keeping an eye on it

The new sub-variant of COVID-19, NB.1.8.1, is in the news these days. It is believed that it can

Bengaluru Stampede: Siddaramaiah, Shivkumar's troubles may increase, demand for FIR against KCA and stadium CEO too

Social activist Snehmayi Krishna has demanded an FIR against Chief Minister Siddaramaiah, Deputy

BCCI President: Rajiv Shukla can become the acting president of BCCI, know why Roger Binny can leave the post

Board of Control for Cricket in India (BCCI) Vice President Rajiv Shukla may become the acting pr

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash