Elon Musk’s wealth has decreased by $102 billion this year, attributed largely to a significant drop in Tesla stock, which fell 35% from $404 to $263 per share. Despite this loss, Musk maintains his position as the world’s richest individual with a net worth of $330 billion, still ahead of Jeff Bezos. Factors such as Musk’s political engagements, including substantial support for Donald Trump, and worries about his focus on Tesla amid declining sales have contributed to investors' concerns, leading to a market value decline of over $400 billion for Tesla.
Elon Musk's net worth has tumbled by $102 billion this year due to a plunge in Tesla stock, dropping about 24% to $330 billion.
Investors have dumped the automaker's stock for several reasons, including concerns over Musk's distraction from CEO duties and political controversies.
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