Elon Musk Loses Nearly $34 Billion in One Day

American entrepreneur Elon Musk has lost nearly $34 billion in a single day due to a dispute with former President Donald Trump, according to the Bloomberg Billionaires Index.

According to Bloomberg's daily rankings, Musk lost $33.9 billion in just one day. His net worth is now estimated at $335 billion, and he continues to top the list of the world's wealthiest individuals.

Previously, Trump stated that he might cut Musk's government subsidies and contracts for his Tesla and SpaceX companies. Following this announcement, Tesla's shares dropped by approximately 14.2%, resulting in an estimated loss of about $152 billion for the company.

Musk and Trump have engaged in a public dispute over a massive federal spending bill proposed by the President, which Musk labeled as