The world’s richest man and CEO of Tesla and SpaceX, Elon Musk, has experienced a staggering financial downturn, with reports indicating he has lost over $100 billion in just a span of four months.
According to the latest update from the Bloomberg Billionaires Index, Musk’s net worth has seen a dramatic decline as Tesla shares continue to fall, driven by economic turbulence and growing backlash related to his controversial political affiliations.
On Monday alone, Musk suffered a sharp loss of $4.4 billion after Tesla’s stock value plummeted by almost 9 percent, pushing his estimated net worth down to approximately $297.8 billion. This single-day drop places him as the sixth-largest loser on Bloomberg’s list of the 500 wealthiest individuals.
Collectively, the top 500 billionaires lost a whopping $271 billion on the same day, but Musk’s individual loss stands out due to the size and speed of the decline.
Financial analysts attribute Musk’s losses to a variety of factors including weaker-than-expected first-quarter Tesla vehicle deliveries, declining consumer confidence in the electric vehicle market, and heightened scrutiny surrounding Musk’s frequent political commentary, which has polarized investors and fans alike.
Additionally, Tesla’s stock has faced pressure from global macroeconomic challenges such as rising tariffs, tightening government regulations, and inflation-driven uncertainty across major markets.
Despite the grim figures, not everyone is pessimistic. Some market observers, including U.S. Secretary of Commerce Howard Lutnick, have voiced that Tesla’s current valuation may now be undervalued, suggesting the company remains a potentially strong long-term investment opportunity for those willing to bet on Musk’s innovation track record and the global EV transition.
As the markets continue to fluctuate, all eyes remain on how Musk and his companies will adapt in the coming months, with many wondering whether this is a temporary stumble or a sign of deeper structural challenges for one of the world’s most prominent tech moguls.