Musk's presence on the political scene has greatly—and negatively—impacted Tesla. Since Tesla stock hit an end-of-day record of $464 billion on December 17, closing at an all-time high of $480 per share, Musk's fortune has decreased by $121 billion.

Tesla CEO Elon Musk has seen his net worth shrink by over USD 121 billion since the start of 2025, according to the Bloomberg Billionaires Index — making him the biggest loser among the world’s top 10 richest individuals this year.

Elon Musk's net worth dips below $300B as Tesla shares plummet over 50%. Discover how Trump's tariffs impact top billionaires.

Elon Musk, the CEO of Tesla Inc. (NASDAQ: TSLA), has seen his net worth plunge below the $300 billion mark. This significant decrease is linked to the ongoing backlash against Tesla and the implementation of new tariffs.

Elon Musk saw a significant drop in his net worth over the last two days as the White House's "reciprocal" tariffs were revealed. The stock market reacted dramatically as the Dow Jones Industrial Average dropped over 2,200 points on April 4 and the S&P 500 declined almost six percent, the biggest dip since June 2020 during the pandemic.

Elon Musk was the biggest winner in a historic windfall for the world’s richest people on Wednesday, as global stock markets surged and the Tesla (NASDAQ:TSLA) chief executive added a staggering $36 billion to his net worth in just one day,