I'll continue to advocate for lower tariffs rather than higher tariffs, but that's all I can do,” Musk said about Trump’s tariffs.

The net worth of Elon Musk witnessed a staggering increase of $7.5 billion on Wednesday as shares of Tesla Inc. (NASDAQ: TSLA) experienced a 5% rally.

The electric vehicle Goliath has suffered a series of blows that have derailed its stock price, frustrated investors, and looted hundreds of billions of dollars off CEO Elon Musk's net worth. Much of the damage has arguably been self-inflicted.