00:00Elon Musk has now lost a staggering 122 billion dollars because Musk's wealth is tied up in Tesla
00:10which has been hammered for a bunch of reasons along with the other companies that are crashing
00:15and its net income plunged more than half, plunged 70%. Donald Trump just stabbed his
00:22old buddy Elon Musk in the back with a giant gold-plated tariff dagger. Elon's watching
00:29billions evaporate faster than Trump can lose a lawsuit, and at this rate, Musk is basically
00:35speedrunning the broke billionaire challenge. Meanwhile, Trump's approval ratings, sinking
00:42faster than a Tesla in a f*****g, no, no Elon, and he lost. And this also touches on the economic realm
00:50where these other Trump power players have the president's ear because the president's worried
00:54about losing billions or trillions more in the markets. And for Trump, that's certainly
00:59a political problem, makes him look bad. It's also supposed to be a governing problem if
01:03he cares about people's well-being in the country. But for Elon Musk, it's actually something
01:09much more deeply personal. Because it's not just costing Elon Musk millions that the Trump
01:14trade war and other problems are dragging down the economy. It's not just costing Elon Musk
01:18a billion dollars or even billions, plural. Florida Canal. And yes, folks, this friendship
01:25breakup is messier than a Trump steak at a vegan potluck. So stick around, smash that like button,
01:32and subscribe. Because you know you don't want to miss the latest chapter in this political
01:37business soap opera. It stars none other than the man with the golden touch. And by golden,
01:44we mean everything he touches turns into a smoldering dumpster fire. Who could forget the time he
01:50promised to make America great again, as if shouting slogans would magically solve systemic
01:56issues? Signals and stories show that Elon Musk's loud quick start is really melting into a also
02:03quick retreat. Both men, Trump and Musk, say that Elon Musk's duties will continue to shrink. And this
02:10comes after Trump already narrowed Musk's role after that cabinet clash meeting. You might recall that
02:14was one of the many big stories the first hundred days. Spoiler, it didn't. But let's not get
02:21sidetracked. Today, we're diving into one of Trump's lesser known talents, blowing up business empires,
02:29starting with his newest target, Elon Musk. If you've somehow missed the drama, or just have good
02:35taste and avoid the news, here's the scoop. Musk used to be all in on Trump. Cheerleader-level loyalty.
02:43No questions asked. Trump's richest backers are losing even more. The tech titans from the inauguration
02:50who had criticized Trump before, remember, who had given public warnings about exactly the type
02:56of governing failures we've been seeing now? They're down tens of billion with a B. The one
03:02who lost the most has actually been the most involved. Musk on the right losing over a hundred
03:08billion dollars in the past few months alone. It's hard to even get your head around the number.
03:13But oh, how the tables have turned. Thanks to Trump's latest round of tariffs,
03:18the economic equivalent of setting your house on fire to get rid of a spider,
03:23Elon's financial empire is unraveling. And fast. These tariffs, sold to the public as a way to level
03:31the playing field for American businesses, have mostly succeeded in, well, leveling the economy
03:37instead. And where is the damage landing hardest? Squarely on Musk's bottom line. See, while Trump was
03:46handing himself gold stars for bringing jobs back to America, which, spoiler, he didn't,
03:53he also managed to wreck the global supply chain. A supply chain that just so happens to be critical
03:59to keeping Elon's sleek electric cars rolling off the line. So now, Musk is bleeding cash to the tune
04:07of one billion dollars per day. Yes, a billion dollars a day. It's like someone handed Trump
04:14the keys to the economy, and he went full toddler, smashing the dashboard with a toy hammer while
04:20yelling, look, I fixed it. Every time Elon makes a move, Trump's right there like the worst game,
04:27show host imaginable. Congratulations. You've hit the tariff jackpot.
04:33Now give me your money. Naturally, Musk is backpedaling, trying to salvage what's left of
04:41his empire. The billionaire genius image is fraying, and the cracks in Tesla's foundation
04:47are spreading. But hey, who needs a global supply chain when you've got a shiny new tariff to chew
04:53through? Right. And now from Washington to corporate America, ever since President Trump's
05:00April 2nd announcement on tariffs, global markets have been reeling from heavy losses, wiping out
05:05trillions of dollars in equity value. In fact, several American billionaires have seen their wealth
05:10plunge. The world's 500 richest people reportedly lost more than half a trillion dollars in just two
05:17trading days following President Trump's tariff announcement. Within that list, a group of tycoons
05:22who have supported the president or attended his inauguration in January have also seen their
05:27wealth shrink. President Trump's close ally Elon Musk reportedly lost nearly $31 billion in two days
05:34of trading on April.
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