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Elon MuskThe CEO of Tesla Inc. (Nasdaq: TSLA), has seen its net value plunge below the $ 300 billion mark. This significant decrease is linked to the current reaction against Tesla and the implementation of new prices.
What happened: Musk’s net value fell below 300 billion dollars on Monday, a level not seen since last year. The Bloomberg billionaire index said Musk’s richness was $ 298 billion at the closing of the market on Monday. Its net value has decreased by almost $ 135 billion, 31%, since the start of the year.
Musk’s net value exceeded $ 400 billion in December, which makes him the first person to achieve this feat. Its wealth had not exceeded $ 300 billion since November. The drop in Musk’s wealth is mainly due to the drop in Tesla’s action, which decreased by almost 40% in 2025. Musk and Tesla were registered for a meticulous examination due to the Musk’s advisory role towards the President Donald TrumpIn particular in the pressure of the administration for the effectiveness of the government through the Doge Office.
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Why it matters: The prices recently announced by the Trump administration, which shaken the financial markets, also had an impact on the richness of Musk and Tesla. Despite his allegiance to Trump, Musk publicly expressed his opposition at these prices. The billionaire even criticized Trump’s advisor Peter Navarro on his pricing decisions.
The taxation of new prices by President Trump, including 10% fees on all imported goods and a 25% levy on foreign cars, led to a 10% dive in Tesla’s shares on Friday, erasing $ 11 billion in Musk’s net value. Since the prices declaration on April 2, the CEO of Tesla has lost almost 10.5% of its net value.
In addition, pricing disorders have sent shock waves across the world markets, causing the fortune of other billionaires in addition to Elon Musk, as Amazon.com, Inc. (Nasdaq: Amzn) Jeff BezosAnd Meta Platforms, Inc. (Nasdaq: Meta) Mark Zuckerberg To fall, while the legendary investor Warren Buffett remained resilient with a gain of $ 12.7 billion for the start of the year.
In the last 5 days, Tesla action has lost 11.5%, but in the last month, shares climbed 5%.
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