Donald Trump shocks the nation by turning on Elon Musk during a stunning live TV moment. The unexpected betrayal leaves Musk and millions of viewers reeling. What caused Trump to backstab one of his biggest supporters? Watch now to uncover the full story behind this explosive fallout.
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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.