TechCapsules

AI-summarised brief · reviewed before publication

Nassim Nicholas Taleb, author of "The Black Swan: The Impact of the Highly Improbable," took to social media platform X on Monday to express concern for Tesla Inc. CEO Elon Musk's safety. Taleb's comment came amid Musk's ongoing feud with President Donald Trump over the "Big Beautiful Bill," a sweeping tax-and-spend package that adds trillions to the federal deficit. Taleb's message read, "I may find @elonmusk callous, insensitive, even extremely cruel (& non-nuanced), but I root for him & pray for his safety." This is not the first time Taleb has come out in support of Musk's stance on the issue. Last month, he urged others to support Musk, calling the Trump budget "a lunacy" that would "bankrupt America." Musk has been vocal in his criticism of the bill, terming it "a disgusting abomination." On Saturday, he announced the formation of a new third party called the "America Party," which prompted Trump to respond by calling the idea "ridiculous" and Musk "off the rails." According to Bloomberg's Billionaires Index, Musk's current net worth stands at $346 billion, reflecting a $15.3 billion decline in the latest change and a $86.7 billion drop year-to-date. Tesla shares took a hit on Monday, dropping 6.79% to close at $293.94, according to Benzinga Pro data. Despite the short-term downward trend, Benzinga's Edge Stock Rankings indicate that Tesla maintains a solid upward trajectory over the medium and long term. The company's growth ranking remains strong, although its value score is relatively weaker.