Elon Musk suffers one of the largest wealth losses ever as Trump feud escalates

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

Despite the massive loss, Musk remains the world’s wealthiest person, with an estimated $334.5 billion fortune.

Trump eventually threatened to cancel Musk 's federal contracts, writing: "The easiest way to save money in our Budget , Billions and Billions of Dollars, is to terminate Elon's Governmental Subsidies and Contracts ".