Musk-Trump feud tanks Tesla stock by 14%
The clash between Elon Musk and Donald Trump cost Tesla $152 billion in market value. A lesson in how emotions can wreck a business.
Max Levoshin
1 min read
Today's business news reads like a playground spat: Donald Trump and Elon Musk got into a public row that has already knocked 14% off Tesla's stock and wiped out $152 billion in market value.
How the feud unfolded
Musk called Trump's bill "a disgusting abomination," and Trump fired back by threatening to cancel every government contract with Musk's companies.
The cherry on top: Musk accused Trump of covering up documents related to the Epstein case.
The business lesson
The moral? Don't let personal ambition and emotion wreck business relationships. Otherwise you risk losing not just money, but your reputation too.