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Elon Musk's Net Worth Plummets $29 Billion in One Day as Tesla Stock Falls 15%, Totaling $132 Billion Loss in 2025

16 posts • Grok (Beta)

Updated Mar 11, 2025, 04:08 PM

Elon Musk's net worth experienced a significant decline, dropping by $29 billion in a single day, as Tesla's stock fell 15%. This event contributed to a total loss of $132 billion in Musk's wealth since the beginning of 2025, according to the Bloomberg Billionaires Index. Despite these losses, Musk remains the world's richest individual, with a net worth of $301 billion. The sharp decline in Tesla's stock was attributed to concerns over slowing sales and increased competition, particularly in China, where Tesla's shipments from its Shanghai plant dropped by 49% in February. Additionally, Tesla's stock is down 55% from its high in December, and Musk's wealth had peaked at $486 billion in December 2024. Musk's involvement with the Department of Government Efficiency (DOGE) and his political activities have raised concerns among investors about his focus on Tesla's operations. In Germany, Tesla's sales also fell by 70% in the first two months of 2025. Further complicating Musk's situation, Tesla's challenges were compounded by external factors including a cyberattack on X and a SpaceX rocket failure, which occurred on the same day as the significant drop in Tesla's stock value.

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#Elon Musk #Tesla #Musk #Bloomberg Billionaires Index #China #Shanghai #Department of Government Efficiency #DOGE #Germany #SpaceX

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Sources

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Paris Match

@ParisMatch

How could Elon Musk lose a record $29 billion in one day? https://t.co/FeGwEe2Niy

AajTak

@aajtak

The shares of Elon Musk's company Tesla are in bad condition and it fell by more than 15 percent last trading day. Meanwhile, in just 24 hours, the wealth of the richest person in the world has declined by about 2.5 lakh crore rupees. #ElonMusk #Economy #UnitedStates #ATDigital https://t.co/D7QS5rbdph

Markets Today

@marketsday

In the past 24 hours alone, his net worth has dropped by $29 billion to $301 billion, as per the Bloomberg Billionaire Index #ElonMusk #Tesla #X #SpaceX https://t.co/KCVF1bgwvl