Tesla CEO Elon Musk has seen his net worth tank by round $102 billion within the final couple of months, principally as a result of Tesla’s share price dropping round 35% this yr (from round $404 to $263). The corporate’s market worth has dropped by nearly $400 billion, and about 60% of Musk’s wealth is from Tesla shares and options.
U.S. gross sales of Tesla automobiles dropped 16% within the U.S. in December 2024 and January 2025, based on Cox Automotive, whereas gross sales in China fell 29% throughout January and February, per CNN.
Musk continues to be the richest individual on the planet, although, with a internet value of $330 billion, according to Bloomberg. And a few analysts are optimistic that Tesla will flip round regardless of its huge drop in worth.
“Whereas the DOGE/Trump Musk iron-clad partnership has created main model worries for Tesla … we estimate lower than 5% of Tesla gross sales globally are in danger from these points,” Wedbush analyst Dan Ives stated in a notice on Friday, per Barron’s. “We anticipate Musk will higher stability his time between DOGE and Tesla/SpaceX over the course of 2025.”
Amazon founder Jeff Bezos and Meta CEO Mark Zuckerberg are at the moment tied for the No. 2 spot with $222 billion every. (It is value noting the tie is because of Bezos’s wealth being down $16 billion year-to-date and Zuckerberg’s up $14 billion.)
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