Tesla troubles, Trump's tariff and more: How richie rich Elon Musk lost billions in just a week

Tesla CEO Elon Musk has dominated the headlines in 2025. He waged a war on the federal workforce as the head of President Trump’s Department of Government Efficiency, picked fights on his social media platform X and threw himself into the first major election since Trump took office. But developments this week show the limits of Musk’s influence. The last week was terrible for Elon Musk.