ALBAWABA - Elon Musk, the American entrepreneur and US government contractor best known for his leadership roles at Tesla, SpaceX, xAI, The Boring Company, and X, has reportedly lost about $100 billion due to a significant drop in Tesla’s share value.
Musk loses $100B
Despite being the wealthiest person in the world, Musk’s fortune has decreased by approximately $100 billion since December 2024 due to the drop in Tesla’s share value.
The total net worth of Tesla’s CEO and co-founder fell by nearly 25% as the sell-off in shares of his electric car company accelerated in recent weeks.
Notably, Tesla’s stock dropped about 8% to $302.80 yesterday. Additionally, new vehicle registrations in Europe fell by approximately 45% in January, alongside a significant decline in the Chinese market.
The total net worth of Tesla’s CEO and co-founder fell by nearly 25% as the sell-off in shares of his electric car company accelerated in recent weeks. (Shutterstock)
According to reports, many European Tesla buyers oppose Musk’s involvement in US politics and his close ties with President Donald Trump. This has played a major role in the decline of Tesla’s revenue and share value.
Tesla’s market value drops
Despite the fact that Tesla’s stock is still up 52% over the past 12 months, the company is no longer among the trillion-dollar giants, with its market cap recently recorded at nearly $974 billion. Experts anticipate a further decline in the company’s market cap and share value in 2025.
