- Elon Musk, the CEO of Tesla and SpaceX, has reported a $100 billion financial loss in just four months.
- Tesla’s shares fell due to economic uncertainty and political backlash, causing a significant drop in Elon Musk’s net worth, as per the Bloomberg Billionaires Index.
Elon Musk, the world’s richest man and CEO of Tesla and SpaceX, has suffered a staggering financial loss, reportedly losing $100 billion in just four months.
According to the Bloomberg Billionaires Index, Musk’s fortune has taken a significant hit as Tesla’s stock continues to decline, compounded by economic uncertainty and public backlash surrounding his political stances.
On Monday alone, Musk lost $4.4 billion, as Tesla shares fell by nearly 9%, bringing his net worth down to around $297.8 billion.
This sharp decline has positioned Musk as the sixth-largest financial loser on the Bloomberg list of the world’s 500 wealthiest individuals, all of whom collectively lost $271 billion on the same day.
Experts attribute the loss to a mix of weak first-quarter deliveries, dwindling consumer confidence, and mounting criticism of Musk’s political remarks, which have shaken investor confidence in Tesla.
Additionally, rising tariffs and broader economic instability have placed further strain on the company’s stock.
Despite these losses, some analysts remain hopeful, with U.S. Secretary of Commerce Howard Lutnick suggesting that Tesla’s stock may now be undervalued and could present a strong opportunity for long-term investors.
