The News Life

Breaking news **Elon Musk’s Net Worth Plunges by Over $100 Billion as Tesla Stock Struggles**.zin

March 13, 2025 by cau 22

Elon Musk’s Fortune Plummets Over $100 Billion as Tesla Faces Stock Market Turmoil

Tesla CEO Elon Musk speaks during the official opening of the new Tesla electric car manufacturing plant on March 22, 2022 near Gruenheide, Germany.

Elon Musk’s net worth has taken a staggering hit, dropping by more than $144 billion since December as Tesla stock suffered its worst decline in years.

On March 10, Tesla shares plunged over 15%, marking their lowest value since October 2023. The downturn, amounting to roughly $127 billion in lost market value, was one of the biggest single-day losses on Wall Street. At the time of publication, Musk’s net worth stood at $319.6 billion, according to Forbes.

The sharp decline follows mounting concerns over Musk’s political involvement. In addition to leading Tesla, the billionaire now serves as the head of the White House’s Department of Government Efficiency under President Trump, sparking debates over his divided attention. Experts suggest his close ties to politics, ongoing trade tensions, and international controversies have damaged Tesla’s reputation and investor confidence.

Musk, however, remains optimistic, responding on X with a simple statement: “It will be fine long-term.” Meanwhile, former President Trump pledged his support by announcing plans to purchase a Tesla, pushing back against growing calls to boycott the company.

As Tesla faces increased scrutiny, analysts urge Musk to refocus on his role as CEO. “Musk needs to step up at this critical juncture,” said Dan Ives of Wedbush, noting the billionaire’s absence from Tesla’s factories in recent months.

With Tesla’s stock price in flux and Musk juggling multiple ventures, the coming weeks could prove pivotal for the future of both the company and its CEO.

Filed Under: Uncategorized

Primary Sidebar

Recent Posts

  • BREAKING NEWS: It’s More Than Just Home Runs Flying Out of the Park: Weaver Faces a Mental and Career Crisis as He Admits ‘It’s Hard to Make Sense of What’s Been Going On’ — A Deep Dive Into the Hidden Struggles of a Pitcher Whose Future Hangs in the Balance, Leaving Fans and Analysts Wondering Whether He Can Survive This Dark Chapter in His MLB Journey.nh1
  • St. Louis Legend Ted Simmons Finally Earns His Spot in Cooperstown — and His Words Bring Fans to Tears.Y1
  • July 4th Bombshell: Inside the Silent Pressure and Fan Uprising Calling for the Firing of Aaron Boone and Brian Cashman, and Who’s Really Behind the Viral Tweets Shaking Yankees Nation?.nh1
  • “Just One Call”—How Cubs’ Ian Happ Answered a Boy’s Plainest Wish and Moved MLB to Tears.Y1
  • Basketball superstar Caitlin Clark takes over downtown Indianapolis ahead of WNBA All-Star.P1

Recent Comments

  1. A WordPress Commenter on Hello world!

Copyright © 2025 · Paradise on Genesis Framework · WordPress · Log in