Musk's wealth in 2025 drops below 400 billion dollars for first time - Bloomberg
Elon Musk (photo: getty images)
Elon Musk's net worth has fallen below $400 billion for the first time in two months, due to a decline in Tesla stock, according to Bloomberg.
According to Bloomberg, Tesla shares have dropped 27% since reaching a historic high in mid-December, fueled by hopes that Musk's close ties to US President Donald Trump would boost the company's wealth.
Bloomberg reminded that Tesla stocks and options make up over 60% of Musk's wealth, which peaked at $486.4 billion on December 17, following Trump's election as president.
However, last week marked the worst performance for Tesla since October. In particular, shares fell 11% after reports of disappointing monthly sales.
Deliveries to Germany dropped by 59%, hitting the lowest level since 2021, while sales in China declined by 11.5% compared to the previous year, amid increasing competition from regional rival BYD Co.
On Monday, shares fell for the fourth consecutive day in New York trading, dropping 3% to $350.73.
Bloomberg notes that Musk's political realignment became a key factor in the rise of Tesla's stock following the election, and the 53-year-old billionaire has focused much of his attention on Washington since the inauguration.
Currently, investor hopes that the Trump administration could stimulate Tesla through changes in electric vehicle tax subsidies and formalized standards for autonomous driving technology have not materialized.
While Musk's stake in Tesla still constitutes the majority of his net worth, which stands at $394.6 billion, its recent decline - combined with record funding rounds for other companies of the billionaire, including xAI and SpaceX - means that the automaker now contributes relatively less to his wealth. Musk's 42% stake in SpaceX is currently worth $136 billion, approximately the same as his Tesla shares at market close.
Musk and politics
In 2024, Elon Musk actively supported Donald Trump's presidential campaign, investing millions of dollars in it. After the Republican's victory in the presidential election, Musk was appointed head of the newly created Department of Government Efficiency (DOGE).
It should also be mentioned that following Trump's victory and his inauguration, Musk launched a media war against several global politicians. The reasons behind these actions and the potential consequences for the billionaire are discussed in detail in the article by RBC-Ukraine.
