World
Elon Musk’s net worth has dropped below $300 billion for the first time since November, losing $4.4 billion on Monday alone, as Tesla shares continue to tumble amid fallout from Trump’s tariffs.
So far in 2025, Musk’s fortune has shrunk by $134.7 billion, with Tesla stock down over 50% since December’s peak. Once boosted by Trump’s election, Tesla is now suffering from its close association with the former president, drawing protests, boycotts, and vandalism.
Musk’s outspoken behavior and political leanings have further alienated potential customers and investors. The broader Bloomberg Billionaires Index also saw a $271 billion drop Monday, its third-worst day ever. Over the weekend, Musk called for a “zero-tariff” trade system with Europe. His brother, Kimbal Musk, criticized Trump’s tariffs as a permanent tax burden on Americans, warning that high prices will persist despite efforts to reshore manufacturing.
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