Tesla’s Stock Plummets, Elon Musk Loses $4.4 Billion in a Single Day
On Monday, April 7, Elon Musk suffered a significant loss of $4.4 billion after the stock of Tesla plummeted due to massive sell-offs. The company’s shares on the NASDAQ fell by 2.56% and reached a price of $223.29 per share. During the first two days of the global market downturn, on April 3 and 4, Musk lost an additional $31 billion.
As a result, Musk now ranks sixth on the list of the richest individuals who have lost the most wealth in the past few months. Since the beginning of the year 2025, his net worth has decreased by a total of $134.7 billion.
Despite the decline in his net worth, Musk remains the world’s richest person with a net worth of $298 billion, according to the Bloomberg Billionaires Index.
Musk’s net worth decline began shortly after Donald Trump’s election as the US President. Investors have become increasingly disappointed in his involvement in European politics and his efforts to lead a reduction in US state expenses as the head of DOGE.