Elon Musk is the $400 billion man no longer; now he's just the $395 billion man.
Elon Musk’s net worth dipped below the $400 billion mark for the first time in 2025, according to the Bloomberg Billionaires Index. On Monday alone, Musk’s fortune declined by more than $7 billion, driven by a 3% drop in Tesla (TSLA) shares — which make up roughly one-third of his total wealth. The downward trend continued Tuesday morning, with Tesla stock sliding an additional 4%, pushing his estimated net worth to $384 billion, according to Forbes.
Musk initially crossed the $400 billion threshold back in December, when Tesla’s stock skyrocketed following Donald Trump’s re-election victory. At the time, investors rallied behind the EV giant, expecting regulatory and business advantages stemming from Musk’s close ties to the new administration. According to Bloomberg, Musk reportedly spent at least $277 million in support of Trump’s campaign. In return, he was appointed to lead the administration’s initiative to slash federal spending.
Key Points:
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Net worth drop: Musk’s fortune fell below $400B, down $7B Monday
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Tesla stock: Down 3% Monday, 4% Tuesday, drives wealth decline
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Trump connection: Musk supported campaign, appointed to federal role
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Green policy shift: Trump ends subsidies favoring EVs
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Investor optimism: Tesla gained post-election amid Musk-Trump ties
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New tech promise: Musk touts robotaxi and full autonomy rollout in 2025
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SpaceX stake: Musk owns 42% of SpaceX, valued near $350B
Trump’s first day in office marked a significant policy shift, with an executive order aimed at removing subsidies and government-imposed market advantages for electric vehicles. Despite this, investors initially remained bullish on Tesla, hoping that Musk’s influential position in the administration would ease regulatory challenges, particularly around self-driving technologies and autonomous vehicle rollouts.
Musk has also been hyping Tesla’s push toward full autonomy, promising both a fleet of self-driving cars and a robotaxi service by the end of the year. These bold plans have helped boost investor confidence in the company despite broader policy uncertainty.
Apart from Tesla, Musk’s second-largest asset remains his 42% ownership in the private aerospace firm SpaceX, which was recently valued at nearly $350 billion. This stake contributes significantly to his overall net worth and has played a critical role in keeping him among the richest individuals globally, even amid the volatility in Tesla shares.
Net worth drop: Musk’s fortune fell below $400B, down $7B Monday
Tesla stock: Down 3% Monday, 4% Tuesday, drives wealth decline
Trump connection: Musk supported campaign, appointed to federal role
Green policy shift: Trump ends subsidies favoring EVs
Investor optimism: Tesla gained post-election amid Musk-Trump ties
New tech promise: Musk touts robotaxi and full autonomy rollout in 2025
SpaceX stake: Musk owns 42% of SpaceX, valued near $350B
Trump’s first day in office marked a significant policy shift, with an executive order aimed at removing subsidies and government-imposed market advantages for electric vehicles. Despite this, investors initially remained bullish on Tesla, hoping that Musk’s influential position in the administration would ease regulatory challenges, particularly around self-driving technologies and autonomous vehicle rollouts.
Musk has also been hyping Tesla’s push toward full autonomy, promising both a fleet of self-driving cars and a robotaxi service by the end of the year. These bold plans have helped boost investor confidence in the company despite broader policy uncertainty.
Apart from Tesla, Musk’s second-largest asset remains his 42% ownership in the private aerospace firm SpaceX, which was recently valued at nearly $350 billion. This stake contributes significantly to his overall net worth and has played a critical role in keeping him among the richest individuals globally, even amid the volatility in Tesla shares.