From Yahoo Finance: 2025-04-13 10:01:00

Elon Musk, the CEO of Tesla and the world’s richest individual, has seen a notable decline in his net worth due to a drop in Tesla’s stock value influenced by ongoing boycotts and market dynamics. As of April 11, 2025, his net worth has fallen to about $311 billion from over $400 billion in December 2024.

The decline in Musk’s net worth is primarily attributed to a 33% drop in Tesla’s stock price since the beginning of the year. Tesla boycotts have intensified, leading to a 45.3% plunge in the company’s stock and a $79.4 billion reduction in the value of Musk’s Tesla shares.

Market volatility from global tariffs has caused turmoil in financial markets, impacting major tech companies like Tesla. Musk’s political associations and involvement with the Department of Government Efficiency have made Tesla a political flashpoint, affecting investor sentiment and consumer behavior.

Despite the financial setback, Musk maintains a substantial fortune with stakes in other ventures like SpaceX, a valuable private company. However, the recent decline in his wealth highlights the volatility tied to Tesla’s stock performance.

The continuation of the Tesla boycott and market challenges could lead to further erosion of Musk’s wealth. Ongoing controversies and political associations might deter investors, impacting Tesla’s market position. Musk may need to diversify his investments to mitigate risks associated with Tesla’s stock volatility.

Read more: Elon Musk’s Net Worth Takes a Hit Amid Tesla Boycott: What’s Next?