Elon Musk, the richest person on the planet and the head of Tesla and SpaceX, has faced an astonishing financial blow, reportedly losing a whopping $100 billion in just four months.
According to the Bloomberg Billionaires Index, Musk’s wealth has taken a serious hit as Tesla’s stock continues to drop, worsened by economic uncertainty and public criticism of his political views.
Just on Monday, Musk saw a loss of $4.4 billion as Tesla shares plummeted nearly 9%, bringing his net worth down to about $297.8 billion.
This steep decline has made Musk the sixth-largest financial loser on Bloomberg’s list of the world’s 500 wealthiest people, all of whom together lost a staggering $271 billion on the same day.
Experts point to a combination of weak first-quarter deliveries, declining consumer confidence, and growing backlash against Musk’s political comments as key factors shaking investor trust in Tesla.
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On top of that, rising tariffs and broader economic instability have added more pressure on the company’s stock.
Despite these setbacks, some analysts are still optimistic. U.S. Secretary of Commerce Howard Lutnick has suggested that Tesla’s stock might now be undervalued, potentially offering a great opportunity for long-term investors.