Netizens in China are thoroughly entertained by the public spat between the U.S. president and world's richest man.

Tesla CEO Elon Musk lost a huge chunk of his net worth on Monday after US President Donald Trump lashed out against the America Party that he launched last weekend. The new reason for their feud also caused Tesla's shares to fall by nearly 7%, wiping out more than $68 billion in market capitalisation in a day.

Dan Ives, an analyst with Wedbush Securities, wrote that Musk's continued push into politics was "exactly the opposite direction" investors wanted to see.