Muskโs Net Worth Tanks as Tesla Crashes on Wall Street!
Elon Musk just took a massive financial hit. Teslaโs stock nosedived by 14%, marking its worst trading day in five years. The electric car giant has lost 50% of its market value since December, wiping out over $800 billion. The drop also dragged the Nasdaq down 4.4%, its worst single-day slump since 2022.
His Fortune in Freefall
Forbes reports that Muskโs net worth plunged by $23.4 billion in a single day. Once the worldโs richest man with $464 billion, he has now lost a staggering $120 billion in just one month.
Trumpโs trade wars are rattling global markets, and Musk Tesla is feeling the pain. European sales have dropped by 50%, adding to the companyโs struggles. Uncertainty is pushing investors away, deepening the crisis.
At least with Tesla his other boss, U.S. President Donald Trump, wants to help him out โ he announced to buy a Tesla out of solidarity.
His Political Moves Backfire
Muskโs role as Trumpโs efficiency czar is turning into a PR nightmare. His attacks on European leaders are backfiring, with customers distancing themselves from Tesla. Political baggage is now a growing problem for the brand.
Elon Musk isnโt just struggling with TeslaโSpaceX is also in crisis. Last week, Starship exploded after launching from Boca Chica, just like the test flight before it. Thatโs two catastrophic failures in a row, a rare setback for Muskโs rocket empire.
Now, SpaceX faces a major delay in testing its next-generation rockets, which are supposed to carry humans to the Moon and, eventually, Mars. With mounting pressure from NASA and investors, can Musk get his space ambitions back on track?
Can Musk Stop the Bleeding?
With Teslaโs stock in freefall and his fortune shrinking fast, Musk faces a tough road ahead. Will he turn things around, or is this just the beginning of Teslaโs biggest collapse yet?
