Elon Musk has lost $52 billion in net worth since the start of the year, but remains the richest person globally, according to the Bloomberg Billionaires Index. Despite this, Tesla’s shares have fallen 8% after a 20% decline over the past month, with the company’s market value dropping below $1 trillion for the first time since November.
Tesla sales are experiencing an unprecedented decline, with a 45% drop in Europe last month despite the popularity of electric vehicles. Competition from China and decreased demand growth in the US are major contributors to this slump. While Musk’s politics may not be the primary cause, his influence is no longer seen as a guarantee for regulatory benefits.
In November, Tesla’s sales surged after Donald Trump won the presidential election, with Musk’s net worth reaching $347.8 billion. However, investors now view the company’s future with skepticism. Steve Man, global lead director for auto and industrial market research at Bloomberg Intelligence, notes that “Tesla could still thrive beyond the noise.”
Musk’s influence on Trump administration policies has waned, but he remains a key figure in various ventures, including Tesla and SpaceX. His current net worth is $380 billion, with Mark Zuckerberg being the second-richest person at $236 billion.
Source: https://edition.cnn.com/2025/02/25/business/elon-musk-net-worth-tesla/index.html