evidence: No, Budweiser did not lose $800 million because of Elon Musk. Earlier in April 2023, Elon Musk had posted a picture of a Budweiser can that had been edited so that the title read "Elon’s Favourite Beer.". The tweet went viral immediately, and led to debates and arguments online. However, this did not lead to a loss of $800 million. [...] The Budweiser $800 million loss articles you see online is actually fake. It was written by a website ‘Chimnii.com’ that tagged it ‘Satire’. It was also shared by blogs and YouTube channel who use the misleading title as a click bait. No, Budweiser did not lose $800 million in a day because of Elon Musk’s viral tweet. The fake news was written by a website that is known for creating fake satirical news. In reality, Budweiser brand only saw fluctuations in their stock market during the Bud Light controversy.