The public feud between Elon Musk and Trump wiped nearly $155 billion from investor wealth in one day, shaking financial markets, according to Benzinga. Tesla’s market cap fell from $1.069 trillion to $916.7 billion, erasing $152.3 billion in investor wealth as stocks tied to Musk and Trump declined. Destiny Tech100 Inc., which holds a 34.6% stake in Musk’s SpaceX, saw its market cap drop from $466 million to $408 million, losing $58 million in value. Trump Media & Technology Group lost $490 million in investor wealth, all held by the Donald J. Trump Revocable Trust, with Trump as its sole beneficiary. Cryptocurrencies tied to both men also fell. Trump downplayed the tension, citing high favorability ratings, and a call between the two is reportedly in the works.
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