After the &#34;split&#34; with &#34;Te Ma,&#34; the market smelled blood and began to &#34;sell everything.&#34;Market data shows that on Thursday, Tesla's stock price plummeted by 14.3%, causing Elon Musk's personal wealth to shrink by nearly $20 billion; meanwhile, Trump's media technology group (Trump Media &amp; Technology Group) saw its stock price drop by 8%, with his personal Meme coin market value evaporating by nearly $1 billion.<h2>Tesla's Market Value Drops by $150 Billion, Dogecoin Faces Further Woes</h2>The most direct victim is Tesla.On Thursday, Tesla's market value shrank by $152.3 billion in a single day, marking the largest single-day drop in history. Since Musk announced his resignation from the White House last week, Tesla's market value has cumulatively lost over $200 billion.Short bets in the options market have surged to unprecedented levels. According to Dow Jones market data, approximately 4.01 million Tesla put options changed hands, surpassing the historical high at the end of 2022 and more than four times the 20-day average.<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/9fdad79a-98ba-4f2d-a925-8c0ed180524e.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/9fdad79a-98ba-4f2d-a925-8c0ed180524e.png"/>Tesla's fundamental challenges have exacerbated the market's pessimistic sentiment. Danny Kirsch, head of options at Piper Sandler, stated:<blockquote>&#34;If you dig deep into the company's fundamentals, you'll find that sales are actually quite weak. If the government turns from tailwind to headwind, what would its valuation be?&#34;</blockquote>However, some investors believe this is a good opportunity to buy the dip. Data shows that Tesla's call option trading was also unusually active, with over 3.3 million contracts changing hands, setting a single-day record since April 25, making Tesla the second-largest options trading target after the SPDR S&amp;P 500 ETF.Dogecoin, which Musk once referred to as &#34;the people's cryptocurrency,&#34; has also not escaped unscathed.On Thursday, Dogecoin plummeted by 10%, with a cumulative decline of 22% over the week.<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/98a2460c-3d74-4fb2-bee7-1a28535d7132.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/98a2460c-3d74-4fb2-bee7-1a28535d7132.png"/>As a Meme coin driven purely by sentiment and celebrity effect, Dogecoin is extremely sensitive to Musk's attitude—previously, when Tesla announced it would accept Dogecoin as a payment method, its price surged by 15% in a single day; when Musk changed the logo of X to a Shiba Inu image, the price soared over 30%.Now, Musk's split with Trump has shattered investor confidence, and the &#34;fervent buyers&#34; of Dogecoin are paying the price.<h2>Trump's Meme Coin and Media Group Face Double Blow</h2>Trump himself has not been able to remain unscathed in this conflict.On Thursday, the stock price of Trump's media technology group fell by 8%, directly leading to a reduction of approximately $202 million in his personal wealth.<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/77fe6095-5af7-4276-8d47-a7fb15cb70b6.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/77fe6095-5af7-4276-8d47-a7fb15cb70b6.png"/>The value of his personal official meme coin $trump has dropped nearly 10%, with potential losses reaching up to $900 million.<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/1e5e4e96-11db-4989-85bd-3bef0d4ea75e.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/1e5e4e96-11db-4989-85bd-3bef0d4ea75e.png"/>In addition, if Musk's SpaceX truly retires the &#34;Dragon&#34; spacecraft as he claims, it could deal a significant blow to the U.S. space program. If Trump follows through on his threat to cancel contracts, the government revenues of Tesla and SpaceX will be directly impacted.For investors, the core logic of this conflict lies in uncertainty—can Tesla's valuation maintain its high level? Will Dogecoin continue to fluctuate? How will the relationship between &#34;Te Ma&#34; affect the market?Currently, it seems there are no answers to these questions, but the market has issued a warning with a loss of $21 billion

TSLA

On Thursday, Tesla's stock price plummeted by 14.3%, with a record evaporation of market value, and Elon Musk's personal wealth shrank by nearly $20 billion; meanwhile, Trump's media technology group DJT's stock price fell by 8%, and the price of his personal meme coin dropped by over 10%, resulting in a market value loss of nearly $1 billion

- Following the fallout between Musk and Trump, the market reacted sharply, leading to significant sell-offs.  
- Tesla's stock plummeted 14.3%, resulting in a loss of $152.3 billion in market value, while Dogecoin fell 10%, reflecting investor uncertainty.  
- The conflict has raised concerns about Tesla's valuation and the future of Dogecoin, with investors facing potential losses exceeding $21 billion.

The market is fiercely tearing apart, with investors selling on both sides