“Bannon is such a r——d liar,” Musk raged on his social media platform in the very early morning hours, using a slur for people with intellectual disabilities.

Tesla stock, the main source of Musk’s wealth, had almost doubled in value between June 10, 2024, and June 4, 2025, largely in anticipation of the boffo business that his association with Trump would bring. On June 5, the day that Trump mused about canceling his contracts, it plummeted by 14 percent.

Now, he’s leaving with a bruised reputation and more uncertainties.