An executive order signed by President Donald Trump put an emphasis on ending electric vehicle plans put in place by former President Joe Biden and could put an end to the $7,500 tax credits that helped boost the sector.

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Shortly after President Donald Trump announced a new massive AI infrastructure investment from the White House, “First Buddy” Elon Musk tried to tear it down.

Shares of DestinyTech 100 Inc., a closed-end fund that offers investors exposure to private companies such as SpaceX and OpenAI, are down 2.9% Friday following the explosion of SpaceX’s Starship spacecraft.

Elon Musk’s net worth has risen $16 billion this year to $449 billion, according to the Bloomberg Billionaire Index. That is miles ahead of Jeff Bezos, founder of Amazon (NASDAQ: AMZN) at $245 billion.

The US Securities and Exchange Commission sued Elon Musk on Tuesday for allegedly failing ... adding that he spent more than $500 million acquiring shares during that time period.