Elon Musk has seen a staggering $100 billion wiped off his net worth in just four months, as Tesla’s stock continues to nosedive due to a mix of economic uncertainty, weak earnings, and rising political tension.
According to the Bloomberg Billionaires Index, Musk’s net worth dropped by $4.4 billion in a single day, bringing his total wealth down to $297.8 billion. This dramatic fall came on a day when Tesla shares tumbled nearly 9%, marking one of the largest one-day declines in recent times.
Massive Wealth Erosion and Tesla’s Stock Slide
Monday’s market carnage saw Musk rank as the sixth-biggest loser among the world’s 500 wealthiest individuals. Overall, the Bloomberg Index reported a jaw-dropping $271 billion loss across its rankings on the same day — the third-largest single-day loss ever recorded.
Musk’s financial setback is tied directly to the ongoing Tesla stock rout, which has intensified amid growing macroeconomic concerns and weak Q1 vehicle deliveries. Tesla shares dropped as much as 9.2%, closing at $217.41 — the lowest quarterly performance since 2022. The electric vehicle giant has reportedly lost around 55% of its true valuation since December.
Tariff Trouble and Political Controversy
Worries over new tariffs floated by former President Donald Trump are fueling the decline and causing major market volatility. Tesla’s close association with Musk’s political persona is also backfiring, with incidents of vandalism targeting Tesla cars in both the U.S. and Europe and growing consumer backlash.
Musk’s advisory role in Trump’s inner circle, paired with his controversial social media presence and political comments, has turned off some customers — adding to Tesla’s growing reputation risk.
Musk’s brother, Kimbal Musk, added to the ongoing tariff debate, stating:
“Even if jobs are brought back onshore through tariffs, prices will stay high because we’re simply not as efficient at producing everything.”
Meanwhile, Elon Musk has openly advocated for a free trade zone between the U.S. and Europe, calling for zero tariffs and greater trade freedom.
Also Read : Less Meetings, More Results: Elon Musk’s Simple Rules for Building a Billion-Dollar Business
Analysts Lower Forecasts, But Some Stay Hopeful
Market analysts have slashed Tesla’s sales and earnings forecasts, citing not just macroeconomic pressure but also the reputational risks the brand currently faces. Many see the stock’s performance as a reflection of just how fragile Musk’s empire has become, largely influenced by public perception and global politics.
Despite the grim outlook, Howard Lutnick, the Secretary of Commerce, remained optimistic, saying,
“It’ll never be this cheap again.”
in reference to Tesla’s stock price, suggesting this could be a buying opportunity for bullish investors.
As Tesla and Musk navigate through turbulent waters, one thing is clear — in today’s volatile market, even the wealthiest are not immune to the shifting tides of economics and public sentiment.
