Elon Musk is the biggest loser from Trump’s tariffs so far

Elon Musk is feeling the sting of Trump’s new tariffs, with Tesla stock down 5%, wiping out $10.9 billion from his net worth. Tesla, heavily reliant on global supply chains, especially from China, saw a major dip as tariffs hit car manufacturers and companies doing business in China. Despite the stock market's rebound, Musk’s wealth took the biggest blow on Monday.