Tesla shares: Tesla Inc. shares declined by 6.8 percent on Monday (July 7). This has led to a decline of more than $ 68 billion in the company’s market cap. This decline in Tesla shares after Musk’s announcement to start a new political party in the name of ‘America Party’.

Massive loss to the net worth of Musk

According to the Bloomberg Billionaires index, Musk’s total net worth has declined by $ 15.3 billion due to a sharp decline in stock. This is the biggest decline so far in Tesla’s shares after a confrontation with Trump over ‘Big Beautiful Bill’ in June.

Due to this, Tesla’s market cap lost $ 150 billion in just one day. Musk, once the closest friend of Trump and during his election campaign, had said that he was forming his third political party in the US in protest against the Republican Speaking Bill. Musk has always been opposed to Trump’s ‘Big Beautiful Bill’.

Musk against Trump’s tax and spending bill

Papalamsk says that this will eliminate jobs, emerging industries will come to a standstill. This bill will make the country bankrupt. ‘Big Beautiful Bill’ includes heavy government spending and tax cuts. Due to this, it is estimated that this may increase the US budget deficit by more than $ 3 trillion in the next 10 years. In the 2024 election, both Musk and Trump supported each other. Musk also spent around $ 250 million for Trump’s election campaign.

Mask resigns from post in May

After the election, Musk was made the head of the President’s new department ‘Department of Government Efficiency’ (DOGE), whose job was to eliminate government bureaucracy and suggest for a large scale cut in the federal budget. Differences between Musk and Trump started after leaving the administration in May and leaving the administration and openly criticizing Trump’s tax and spending bill.

Investors fear this

Meanwhile, investors are afraid that if the estrangement of Musk with Trump remains in this way, then the subsidies from the US government in the coming time may affect Musk companies, which can cause companies.

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Tesla shares: The shares of Electric vehicle manufacturer Tesla rose up to 6-7 percent on Friday, while on Thursday, there was a huge decline in its shares by 14 percent due to a dispute between the company’s CEO Elon Musk with US President Donald Trump. This led to a loss of $ 152 billion in the company’s market cap.

916 billion dollars from $ 1 trillion

On Thursday, Tesla shares fell 14.26 percent to close at $ 284.70. Due to this, the market cap of the company has also come down from $ 1 trillion to $ 916 billion. However, even after this decline, Tesla remains at the position of the 10th largest company in the world according to the market cap.

Musk’s net worth reduced by $ 34 billion

It is clear that the dispute with Trump can be overshadowed by Tesla. With the decline of just one day, his assets have reduced $ 34 billion. However, despite this, he remains the world’s richest man in the Bloomberg Billionaires index with $ 335 billion.

The reason for Tesla’s shares bounce

Here, despite the softening and trump-packed controversy in the EV market, Analysts believe that its value is not going to decrease. This has also raised confidence in investors in Tesla’s shares. Now investors will be eyeing Tesla’s Q2 delivery data, which are coming in July. Apart from this, Trump and Musk’s relationship is also expected to improve.

According to the report by news agency Reuters, Tesla’s shareholder and analyst Matthew Britadman at Haragravs Lansdowne say that everything will be alright between the two, if it is worked with cold mind.

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Us tariff: The heavy tariffs imposed on more than 180 countries of US President Donald Trump have also affected all the rich people of the world. His wealth saw a decline of $ 208 billion in just one day. According to the Bloomberg Billionaires Index, this decline is such a big decline in the history of 13 years in a day. Kovid-19 is the biggest decline after epidemic.

Mark zuckerberg

According to data from Bloomberg’s wealth index, Mark Zuckerberg of Meta Platform Inc. suffered the most damage to it. This is followed by Jeff Bezos of Amazon at number two. On Thursday, Meta’s stock recorded a decline of up to 9 percent. This caused Mark Zuckerberg loss of $ 17.9 billion, which is 9 percent of his assets.

Amazon

On Thursday, Amazon’s shares also declined by 9 percent, which is the biggest decline after April 2022. This damaged his assets by $ 15.9 billion. The company’s shares are more than 25 percent below February’s high level.

Allen musk

Now let’s talk about Trump’s special Alan Musk. Tesla’s CEO has suffered a loss of $ 110 billion so far this year. It also includes a loss of $ 11 billion on Thursday. The delay in delivery and the sorting of a government employee against the Musk against them is overshadowing them. There is a steady decline in the company’s shares.

In the beginning of this week, things seemed to be getting better. Since many cars of Tesla are made in the US itself, the impact of the tariff may be less than other auto companies in other countries. Due to this, the stocks also gained some rise and Musk also announced that he is now going to focus on Tesla, so he wants to retreat from government work. However, even after all this, after the announcement of the tariff, the company’s stock declined by 5.5 percent.

Ernest Garcia III

The assets of CEO of Karwana declined by $ 1.4 billion, when the company shares fell by 20 percent. As of February 14, the company’s shares have risen by more than 425 % in the last 12 months, but since then it has dropped by 36 percent.

Tobby lootke

The Canadian e-commerce company Shopfi’s co-founder and CEO Tobby Lutke lost $ 1.5 billion on Thursday. In Toronto, the company’s shares declined by 20 percent. S&P/TSX Composite Index saw the biggest decline since March 2020.

Bernard Arnault

The US has imposed 20 percent tariffs on the European Union. With this, export of many more luxury goods including alcohol will become expensive. In such a situation, the shares of Bernard Arnalt’s LVMH, who owned brands like Christian Dior, Bulgari and Loro Piana, saw a decline in Paris. This led to a decrease of $ 6 billion from the total assets of Europe’s richest person.

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