July 7–8, 2025: The first trading day since Musk’s weekend announcement, Tesla shares tumbled, and Musk’s personal fortune dropped by as much as $15 billion, according to the Bloomberg Billionaires Index. As of July 9, it stands at $349 billion with Tesla shares broadly unchanged.

Elon Musk, a figure synonymous with innovation and ambition, frequently makes headlines not just for his ground breaking ventures but also for his outspoken political views. Yet, when these opinions translate into public actions,

New York City Comptroller Brad Lander told Fortune the announcement was a “welcome, if belated, recognition that the rule of law applies to everyone—even the world’s richest man and his company.”