Trump vs Musk: Elon loses 25% of his wealth to DOGE; calls it 'worth it'
Elon Musk and Donald Trump (AP file photo)
The much-publicised fallout between US President
Donald Trump
and Tesla CEO
Elon Musk
has sparked global attention, with growing interest in whether Musk's time in Trump's inner circle has impacted his immense fortune.
A recent Bloomberg article, shared on social media, dated April 29, 2025, claimed "Elon Musk lost 25% of his fortune during his quest to gut the US government." Musk responded with a brief but telling remark: 'Worth it.'
According to Bloomberg, while Musk's private ventures -
SpaceX
, Neuralink, and AI startup xAI, attracted fresh funding during this period, it was Tesla, his only publicly traded company, that suffered the most.
Tesla's stock plunged 33% since Trump's inauguration, and sales dropped majorly, reflecting public backlash against Musk's perceived alignment with the administration.
Although Musk has remained among the world's wealthiest individuals -- maintaining the top spot just ahead of Meta CEO Mark Zuckerberg, his recent losses are being closely scrutinised, particularly in the context of his controversial political stances and brief involvement in Trump's government initiatives.
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by Taboola
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Tensions between Musk and Trump rift came in recent weeks after Trump's 'One Big Beautiful Bill', and that shot-up as Musk publicly called for Trump's impeachment.
But in a surprising shift, Musk has recently softened his tone, posting patriotic emojis and offering indirect praise for the administration.
Meanwhile, Trump also appeared to dial down the rhetoric. Asked about Musk at the White House on Monday, he said, 'We had a good relationship, I wish him well, very well.'
When questioned if he would respond to Musk's recent outreach, Trump replied: 'I haven't really thought about it actually. I would imagine he wants to speak to me, I would think so.'
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