The clash between the president and Teslas C.E.O. wiped billions off the electric vehicle maker’s market capitalization. Other risks abound.

Mandel Ngan/Agence France-Presse — Getty Images

Andrew here. Wow. The Musk-Trump relationship detonated in spectacular fashion yesterday. We have the full play-by-play below — but more important, we take a look at the real-life implications of the rift, even if the two eventually reach a truce.

While Tesla’s market value dropped over $150 billion yesterday, Musk’s businesses and their investors could be further hammered if Trump uses his administration to inflict further retribution. And what if Musk tries to withhold SpaceX and Starlink technology from the government? Meanwhile, Musk rivals, including Sam Altman, Jeff Bezos and Bill Gates, are probably breathing a sigh of relief, while prominent allies of both men, such as the crypto czar David Sacks and Katie Miller,

Leave a Reply