Elon Musk has seen his net worth decrease by $60 billion in 2024, though he remains the world's richest man with $372 billion. Tesla's sales dropped slightly, indicating potential weaknesses in the market and challenges facing Musk's reputation, particularly after political involvement led to alienation among some customers. Despite these issues and an 18% decline in its share price, Tesla’s market cap is $1.1 trillion. Tesla's evolution into robotics and AI has bolstered investor confidence, aligning with new self-driving features under development.
Elon Musk's net worth has decreased by $60 billion this year, currently standing at $372 billion, while still being the wealthiest person globally.
Musk has faced challenges including a decline in Tesla's global sales, a public fallout with government leaders, and criticism regarding Tesla's new model launches.
Tesla's market cap remains at $1.1 trillion despite an 18% dip in share price, with Tesla's board granting Musk an additional $30 billion in stock compensation.
Musk maintains investor confidence by promoting Tesla's evolution into robotics and AI, emphasizing new self-driving features and the robotaxi program.
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