Elon Musk Loses $116 Billion Amid Tesla Stock Crash—What’s Next? | GlobalWorldCitizen.com
Topline
The world’s richest man, Elon Musk, has seen a massive decline in his net worth as Tesla’s stock price plummets. Musk, who also serves as President Donald Trump’s chief of cost-cutting, has lost over $116 billion from his peak fortune, raising concerns about the future of Tesla and the broader electric vehicle industry.
Key Facts
Musk’s fortune took a $6.5 billion hit on Tuesday alone, bringing his total net worth down to $348.3 billion, according to Forbes’ real-time estimates.
Since reaching a record high of $464 billion on December 17, Musk has lost $115.7 billion due to Tesla’s ongoing stock decline.
Tesla stock is now trading below $280 per share, marking its lowest level since Election Day, after peaking at $480 per share in December.
The broader stock market is also taking a hit, with the S&P 500 falling 1.7% as Trump’s tariffs on Canada, China, and Mexico go into effect.
Surprising Fact
To put Musk’s $116 billion loss into perspective:
The 10th-richest person in the world, Steve Ballmer, is worth $116.5 billion—almost equal to what Musk has lost!
Asia’s richest man, Mukesh Ambani, has a total fortune of $85.6 billion—which means Musk lost more than 1.3 times Ambani’s entire net worth!
Why Is Tesla Struggling?
Tesla is particularly vulnerable to global tariffs, especially since China is its second-largest market for electric vehicles.
Tesla’s Chief Financial Officer, Vaibhav Taneja, warned in January that the new U.S. tariffs would directly impact Tesla’s business and profitability, saying:
“We are still highly dependent on parts from across the world for all our operations, and these new tariffs will have a major impact.”
Tesla’s production also relies on imports from Canada, further adding to the uncertainty caused by the trade war.
Big Number: 10%
Since Election Day, Tesla shares have only risen 10%, compared to the 91% rally it enjoyed through December 17.
Tesla initially surged after Musk donated nearly $300 million to Trump and GOP election efforts, with Wall Street expecting policy changes to favor Tesla.
Despite the current dip, Musk is still $83.3 billion richer than he was on Election Day, thanks to the growth in his other companies, including SpaceX and xAI.
What’s Next for Musk and Tesla?
Musk remains one of the most powerful figures in the global economy, but Tesla’s future is uncertain as it navigates trade wars, government policies, and shifting market dynamics.
Will Musk bounce back with a new game-changing innovation? Or will Tesla continue to struggle as the EV industry faces increasing competition and economic pressure?
Stay tuned to GlobalWorldCitizen.com for more updates on this developing story! 
