Elon Musk's net worth has experienced a significant decrease this year, primarily attributed to a slight slowdown in Tesla's performance. Despite remaining the world's richest person, Musk has lost $11.3 billion, surpassing any other individual on Bloomberg's Billionaires Index. Analysts suggest that investor sentiment towards Tesla has been impacted by Musk's recent political involvement, criticism surrounding his actions at Trump's inauguration, and a below-market earnings report.
Elon Musk 's net worth has taken a tumble since the start of the year due to a slight slowdown at one of his key companies.The Tesla and SpaceX CEO, now a key player in the Trump administration, has lost $11.3 billion in the year, according to Bloomberg's Billionaires Index, a greater loss than any other on the list.Newsweek reached out to Musk via Tesla for comment.
On Wednesday, Tesla reported $25.7 billion in revenue for the latest quarter, up 2.1 percent from the same period last year but below market forecasts. Operating profit, meanwhile, fell 23 percent year on year despite a record quarter for deliveries, at 495,000.Others have attributed the slide to the launch of the DeepSeek chatbot, which sent shock waves through the U.S. tech sector and resulted in mass sell-offs at some of the world's biggest companies.
ELON MUSK TESLA NET WORTH SPACEX ECONOMY
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