Elon Musk’s net worth took a significant hit on Tuesday, falling by $22.2 billion as investors lost confidence in the stock market. This is Musk’s fourth-largest one-day loss. The decline affects Tesla Inc., which accounts for more than half of Musk’s fortune. Tesla’s sales in Europe plummeted nearly 50% in January due to declining favorability among consumers. As a result, shares fell by 8.4% in New York, taking the company’s market value below $1 trillion for the first time since November 7.
Source: https://www.bloomberg.com/news/articles/2025-02-25/musk-s-net-worth-drops-22-billion-as-doge-drives-market-unease