Musk's wealth drops despite Tesla's stock decline
Tesla's stock fell 15.4% to $222.15, marking its worst drop since September 2020. This decline contributed to a $4 trillion market loss amid economic concerns linked to Donald Trump's policies. Elon Musk's net worth dropped by $29 billion to $301 billion. Despite the stock decline, Musk remains the world's richest person. His wealth is supported by stakes in other ventures like SpaceX and The Boring Company. Musk's fortune fluctuates with Tesla's stock but does not disappear unless he sells shares. Tesla's stock has been declining since Musk took a government advisory role, raising concerns among investors about his focus on the company. Additionally, Tesla has faced security threats, which authorities suggest may be related to Musk's political activities.