Wednesday, May 20, 2026

Trump Media Stock for Social Media Site Dropped 8% When Fight With Musk Broke Out

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Elon Musk’s stock at Tesla dropped 14% today.

But Musk wasn’t the only one affected by the war that broke out between him and Donald Trump.

Trump’s Trump Media stock that handles his Truth Social site took a nose dive as well.

Trump Media fell off a cliff at 3:32pm, dropping 8%.

The war, which is taking place on Musk’s X Twitter and Trump’s Truth Social, will be bruising. By the end of the day, Musk was retweeting impeachment for Trump, threatening to release secrets about the Epstein file, and removing his space craft that flies to the US Space Station.

What will happen next? Chaos, the brand theme of Donald Trump’s last five months in office. Tomorrow will be more fun than we deserve.

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Roger Friedman
Roger Friedmanhttps://www.showbiz411.com
Roger Friedman is the founder and editor-in-chief of Showbiz411. He wrote the FOX411 column on FoxNews.com from 1999 to 2009 and previously edited Fame magazine and wrote the "Intelligencer" column at New York magazine. His bylines have appeared in The New York Times, The Washington Post, the New York Daily News, the New York Post, Vogue, Details, and the Miami Herald. He is a voting member of the Critics Choice Awards (Film and Television branches), and his movie reviews are tracked by Rotten Tomatoes. is articles have appeared in dozens of publications over the years including New York Magazine, where he wrote the Intelligencer column in the mid 90s and covered the OJ Simpson trial, and Fox News (when it wasn't so crazy) where he covered Michael Jackson. With D.A. Pennebaker and Chris Hegedus, he co-produced the 2002 documentary "Only the Strong Survive," which screened at Directors' Fortnight at the Cannes Film Festival.

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