The Elon Musk wealth drops below $ 300 billion in the middle of the prices, Tesla in the process

Elon MuskThe wealth fell below $ 300 billion on Monday for the first time since last year, while the impacts of the recent Tesla reaction and new prices have been collision.

The richest man in the world was worth $ 298 billion from the closure of the market on Monday, according to the Bloomberg Billionaires index. Since the start of the year, Musk’s net value has decreased nearly $ 135 billion, or about 31%, as calculated by the billionaire Bloomberg index.

This was a lively turnaround for the billionaire, who, just in December, became the first person at more than $ 400 billion. Before Monday, its net value had not dropped below $ 300 billion since November. Its net value was $ 264 billion on November 6, according to Bloomberg.

The slide of the net value of Musk was fueled by the slide of the Tesla action course, with the actions of the electric vehicle manufacturer of almost 40% this year.

Musk and Tesla faced a significant backlash following the work of the CEO at the White House, where he serves as close advisers to President Donald Trump, in particular in the administration of the government’s efficiency via the Doge Office.

Many investors and Tesla fans have expressed their concern about Musk who does not focus enough on the business. Last month, when Fox Business asked how he managed his work Doge and headed his various companies, the CEO of Tesla and SpaceX said: “With great difficulty”.

Despite rumors last week according to which Musk provided an outing of the White House, he and the Trump administration rejected rumors and did not give a calendar for his possible departure.

The richness of Tesla and Musk could also be affected by the radical prices announced by the Trump administration last week, which made it possible to take a tour of the financial markets. Musk, who was widely faithful to Trump, spoke out against the prices.

On Saturday, he said he wanted “zero” prices and a “free trade area” between the United States and Europe, and on Monday, he shared a video by the economist Milton Friedman discussing the advantages of international trade.

Musk’s losses of wealth do not yet put him in danger of losing the title of the richest person in the world – the finalist Jeff Bezos was still dragging Musk over $ 100 billion on Monday.