Rift between Elon Musk and Trump official after former loses $300bn for first time since Nov 2024 amid rift reports?

Elon Musk slammed Navarro amid tariff announcements made by President Trump that has spooked the global market
Synopsis

Elon Musk’s net worth has taken a hit after US President Donald Trump announced sweeping tariffs on 184 countries. Elon Musk, one of the closest allies of the President, lost $300 billion for the first time since November 2024. There are signs of division among Trump’s aides are emerging with Elon Musk publicly clashing with trade adviser Peter Navarro.

Elon Musk, the CEO of Tesla and a close aide of US President Donald Trump, has seen his net worth decline below $300 billion for the first time since November 2024. Musk’s net worth dropped by $11 billion after Trump announced reciprocal tariffs, further contributing to Tesla CEOs $110 billion losses in 2025.

Musk, with a total net worth $330 billion in March 2025, he managed to maintain the status of world’s richest man, according to Bloomberg Billionaires Index. The tariff imposed by Trump has sparked criticism and concern from economists.

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Musk’ angry’ at Trump after losing billions
The tech mogul posted a pro-free trade video featuring economist Milton Friedman just as Donald Trump announced steep tariffs on major US trading partners. Elon Musk’s call for a “zero tariff zone” with Europe directly clashed with Trump’s protectionist stance, drawing sharp criticism from White House advisor Peter Navarro

source :ET