Monday, the chainsaw met his net worth, and when it was through slicing away through the stock market’s ugly fall … well, let’s be real, Elon still isn’t hurting. That said, he did lose an incredible amount of money, according to multiple reports.

SpaceX and Tesla — have submitted letters lobbying the U.S. trade representative on Trump administration tariff policies. The letters come as Musk oversees an effort to slash federal government spending and employee headcount at the behest of President Donald Trump.