Kathmandu. Elon Musk, the world’s richest man, is facing a setback after the ongoing dispute with US President Donald Trump and the announcement of the formation of a new political party.
In the last 24 hours, Musk has lost $ 15.3 billion due to a landslide in tesla’s share price. Musk’s net worth has been steadily declining over the past few days.
The conflict between Musk, the world’s richest man and owner of companies like Tesla and SpaceX, and US President Trump has intensified. Talking about the recent war of words, when Trump implemented the ‘Big Beautiful Bill’ on America’s 249th Independence Day, musk, his former colleague and exit from the DOGE, started criticizing it sharply. In this regard, Trump explained the reason for his problem and said, “This bill has exhausted the tax benefits on the purchase of EVs, so Musk is sad.” ’
In response, Musk created a stir by announcing a new political party called the American Party.
According to the bloomberg billionaires index update, Musk’s wealth fell by $ 15.3 billion in 24 hours. His net worth has now dropped by $86.7 billion in 2025, with the latest drop of $346 billion. – Agency
