"Poor Elon '' trended on Twitter after the Tesla and SpaceX founder Elon Musk lost $12 billion in a day and voiced support for the Republican party and called the Democrats a "party of division and hate" on Wednesday,May 18.

"Poor Elon"

Twitter users did not take the billionaire's tweets lightly after announcing his political switch and the recent news of him losing billions in a day. This prompted users to tweet the phrase "Poor Elon" until it eventually trended on the platform.

Musk noted that he used to vote for the Democrats because they were "the kindness party."

"But they have become the party of division & hate, so I can no longer support them and will vote Republican. Now, watch their dirty tricks campaign against me unfold," he wrote in a tweet.

Read Also: Elon Musk Eyes Twitter for Lower Sale Price Amid the Deal on Hold

"Leftist Agenda"

According to Bloomberg's report, Tesla Inc. logs its lowest level this year after losing $12.3 billion. In total, Musk has lost around $49 billion since he announced his bid for Twitter last month because several investors of Tesla were concerned about how he would fund his takeover of the social media app. 

His tweets on Wednesday turned the Twitter verse into a frenzy more than ever with his political tweets and saying that the Environmental, Social, Governance (ESG) was a scam after losing its spot on an S&P Global Index.

He even went far as claiming that the ESG score is determined by how a business is compliant with the "leftist agenda."

Despite the billionaire saying that he aims to make Twitter a neutral ground for both political parties and plans to have a "moderate takeover," he still proceeded to criticize the Democratic party.

He even said in a podcast interview that Twitter has a "very far left bias" and that the Democratic party and President Joe Biden are "overwhelmingly controlled by labor unions."

The S&P 500 took out Tesla from its ESG Index from its annual update list and retained Apple, Microsoft, Amazon, and the oil and gas multinational Exxon Mobil.

The Index employs environmental, social, and governance data to rank and recommend companies to investors.

S&P explained in a  blog post that Tesla's "lack of a low-carbon strategy", "codes of business conduct", and the alleged racism and poor working conditions at their factory in Fremont, California, played heavily on the company's low score.

Musk has been treading in hot water ever since the news of his Twitter bid broke out. He was criticized for advocating "free speech for all" and insisting that former President Donald Trump's permanent ban must be reversed on the platform after "inciting violence" with his tweets on January 2021.

Meanwhile, the billionaire's deal with the social media giant is currently "on hold" as he investigates the number of fake accounts or "bots" on the platform.

Twitter's stock has also been falling down since he announced his takeover, miring the prospect of more investments once he officially owns the app. Musk even said in the event that he could renegotiate the acquisition at a lower price. 

Related Article: Elon Musk's Twitter Bid Private Conversations Revealed in a New Filing!

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Written by Joaquin Victor Tacla