Tesla CEO Elon Musk’s fallout with President Donald Trump on Thursday resulted in the second-largest wealth loss ever, according to the Bloomberg Billionaire Index.

The feud started earlier this week when Musk harshly criticized Trump’s “big, beautiful bill,” but it escalated when the president fired back during a White House meeting on Thursday and accused his former adviser of only opposing the legislation because it would eliminate electric vehicle tax credits.

Musk’s very public response on his social media platform X included accusing Trump of “ingratitude” and claiming that his name appeared in the so-called “Epstein files.”

Trump eventually threatened to cancel Musk’s federal contracts, writing on Truth Social: "The easiest way to save money in our Budget, Billions and Bi

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