Musk's wealth diversified; remains world's richest man

Elon Musk's net worth fell by $29 billion on March 10, primarily due to a 15% drop in Tesla's stock, marking its largest decline since September 2020. Despite this, Musk remains the world's richest person with a net worth of $301 billion. Musk's wealth is not solely dependent on Tesla; he also has significant holdings in SpaceX and other ventures. SpaceX's increasing valuation helps offset Tesla's stock decline, allowing Musk to maintain his top position in billionaire rankings. Concerns from Tesla investors about Musk's government role may be contributing to the stock's decline. His involvement in federal spending cuts has raised questions about his focus on Tesla, while recent attacks on Tesla facilities have also drawn attention.