Elon Musk's net worth drops below $300 billion due to Tesla stock decline and tariffs
From Yahoo Finance: 2025-04-08 16:30:00
Elon Musk’s net worth falls below $300 billion as Tesla shares plummet, losing nearly $135 billion since the beginning of the year. Musk’s advisory role to President Trump and new tariffs impact Tesla’s stock, erasing $11 billion from his net worth. Other billionaires like Jeff Bezos and Mark Zuckerberg also affected.
Tesla stock drops 10% due to new tariffs imposed by Trump, resulting in Musk losing nearly 10.5% of his net worth. Global markets affected, impacting other billionaires like Jeff Bezos and Mark Zuckerberg. Warren Buffett remains resilient with a $12.7 billion year-to-date gain.
Despite recent losses, Tesla’s stock has dropped 11.5% in the past 5 days but climbed 5% in the past month. Musk’s wealth has plummeted due to Tesla’s falling share price and criticism over his role in Trump’s administration. Other billionaires have also seen declines in their fortunes.