Elon Musk's net worth fell by almost £25.11 billion ($34 billion) in a short span after Tesla (NASDAQ:TSLA) shares tanked over 14% yesterday to wipe out £110.81 billion ($150 billion) in market value over a spiralling public clash between the richest person in the world and the US President Donald Trump, two people who worked together for months to reshape the federal government.
The rift between the two over a tax bill took an ugly turn when Trump threatened to cancel federal contracts with Musk's companies. The SpaceX owner responded with his own threats to decommission the Dragon spacecraft, which carries astronauts and cargo to and from the International Space Station. Bloomberg estimated that total revenue for SpaceX and Tesla from federal unclassified contracts was over £16.25 billion ($22 billion) over the past two decades.
