Or around 22.3% of his total wealth. Given that Tesla’s closing price of $272 is the lowest end-of-day share price since November 5, or Election Day.
In the US, the aforementioned declines are probably the main cause of this loss. Since China is Tesla’s second-largest client and generates.
The majority of the global materials required for the production of electric cars, it is probably also connected to the tariffs that President Trump imposed on the nation.
Despite disagreements with OpenAI, which he and Sam Altman co-founded, Musk’s artificial intelligence business, xAI, is still expanding,
And SpaceX is still strong, particularly since private sector activities seem to be stepping up on the Moon. Although Musk’s $116 billion reduction may not seem like much.
