Elon Musk loses $ 11 billion, as Tesla shares fell in the wake of the new Trump tariff – Apple (Nasdaq: Aapl), Amazon.com (Nasdaq: Amzn)

president Donald TrumpThe latest announcement of the new customs tariffs sent American stock futures to a tail.

What happened: Imposing customs duties, including 10 % fees on all imported goods and 25 % tax on foreign cars, causing Tesla Inc. Timing The stocks to sink 10 % on Friday, wipe $ 11 billion from CEO Elon MuskThe net value.

According to to Bloomberg, this led to unprecedented losses on Thursday and Friday.

Reports indicate that Musk has about 411 million arrows, which represents 12.8 % of the company’s total. A large part of these shares has been used as a guarantee to finance their purchase from Twitter, now known as X.

Although details such as the number of shares are pledged, the terms of their loan agreements, and the price point that may lead to the margin call has not been announced, the effects of it may be large.

Also read: Why Elon Musk may regret ignoring Warren Buffett’s political strategy

He also felt heat giants on Friday, with Apple Inc. Aapl 7.29 % decrease, Nafidia Company Nvda 7.36 % decrease, Amazon Inc. amzn Decrease 4.15 %, Alphabet Inc. Googl Reducing 3.20 %, and Meta Platforms Inc. Dead 5.06 % decrease.

Why do it matter: The significant decrease in the price of Tesla is a clear indication of the potential impact of political decisions on the stock market. Not only did the newly imposed definitions affect Tesla, but also affecting other technology giants, which leads to a significant decrease in the market.

This event emphasizes the weakness of technology companies in global political and economic transformations. The decrease in Tesla sales worldwide, along with the reverse reaction against the participation of political musk, adds another layer of complexity to this situation.

It remains to see how Tesla and other technology companies will move in these challenges in the future.

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Shutterstock: Andrew Harnik