According to the Bloomberg Billionaires Index (BBI), Elon Musk's net worth has fallen below $300 billion. The billionaire was hit by a collapse in Tesla's stock.
The slump in the shares of the American automaker Tesla in recent months has entailed heavy losses in the fortune of founder and CEO Elon Musk. Meanwhile, his wealth has plummeted below $300 billion. Since the beginning of 2025, the entrepreneur has lost $134.7 billion, which became the sixth-largest loss among the wealthiest people in the world.
A complete turnaround in public opinion regarding the billionaire dealt a serious blow to his assets. Previously, after Donald Trump had won the presidential election, Musk’s net worth soared to a peak but then began to slide slowly but surely. The reason for this is the current political and economic course of the American leader, which arouses disagreement among most of the US population. Further collaboration with the US president made Tesla's CEO a target for criticism and triggered a drop in sales of Tesla electric vehicles.
Against this backdrop, Tesla's market capitalization halved, sharply retreating from its December highs. Recently, Tesla’s stock plunged to $215 per share, even though three weeks ago, US Secretary of Commerce Howard Lutnick claimed that no one would imagine the stock to fall below $235 per share. In practice, he was bitterly mistaken: last week, from April 7 to 12, the electric vehicle maker’s stock tanked to $233 per share.
Moreover, owners and sellers of the brand's electric vehicles faced vandalism. On top of that, car sales plummeted. The corporate report for the first quarter turned out worse than even the most pessimistic forecasts of analysts. Many experts attribute this to Musk’s political involvement.
A new problem for the businessman may be a brewing conflict with Donald Trump, as they disagree on the issue of import tariffs. Musk has made some critical remarks, while the American president strongly defends the need for new tariffs. Recently, Musk engaged in a public debate with Trump’s advisor Peter Navarro on this issue. Experts are uncertain about how events will develop further, so they are keeping close tabs on the situation.
