Elon Musk’s wealth drops below $400B

Elon Musk's fortune fell below $400 billion as Tesla Inc.'s shares slid nearly 27% after hitting an all-time high in mid-December 2024.

According to the Bloomberg Billionaires Index, Tesla CEO’s net worth fell by $37.8 billion in 2025 to $395 billion, after peaking to $486.4 billion on Dec. 17, 2024, driven by Trump’s victory in the US presidential election.

Meanwhile, the automaker’s stock saw the worst performance since early October 2024. Tesla’s deliveries in Germany decreased by 59% to the lowest level since 2011. Similarly, its sales in China shrank by 11.5% year-on-year (YoY) on fierce competition.

The New York-listed Tesla’s shares, which account for more than 60% of Musk’s fortune, lost for the fourth consecutive session, ending 3% down at $350.73.

Musk's political involvement during Trump's second term was the main driver for Tesla’s stock after the elections, while focusing on slashing government costs through his leadership in the government efficiency management.