Pakistan, June 6 -- Elon Musk suffered a massive financial blow on Thursday as his net worth dropped by nearly $27 billion. The sharp decline followed a public dispute with former President Donald Trump, triggering a major fall in Tesla stock prices.

Tesla shares plunged 14%, wiping out around $150 billion in market value, according to a report by the Wall Street Journal. The market reaction came after Trump publicly threatened to cancel government contracts with Musk's companies.

Despite the setback, Tesla's stock saw a small recovery later, rising by 0.8% in after-hours trading. However, the earlier drop had already caused significant damage to Musk's wealth portfolio.

Still, Musk holds onto his title as the world's richest person. H...