evidence: Elon Musk’s tweet mocking Budweiser’s advertising slogan results in a significant financial blow, causing an $800 million drop in the beer company’s market value. In a stunning turn of events, beer giant Budweiser suffered a massive financial loss of $800 million in just one day, thanks to none other than Twitter CEO Elon Musk. [...] Unfortunately for Budweiser, the fallout from the tweet was swift and severe. Investors panicked at the negative publicity, and shares of the beer company plummeted by nearly 10% in just one day, wiping out $800 million in market value.