After reaching a record $486 billion, Elon Musk's net worth has fallen by almost $90 billion in just a few weeks due to the weak Tesla stock performance since the beginning of the year, Quartz writes.
The electric car maker's shares have fallen about 13.4% since the beginning of 2025. and up 27% from its December peak, when Musk's wealth reached $486.4 billion, according to the Bloomberg Billionaires Index.
About 60% of Musk's wealth comes from Tesla shares and options. This explains the rapid disappearance of the company, which is almost the equivalent of the Bulgarian BB&P;.
On Tuesday, the shares of the car manufacturer fell by about 6%, after its Chinese competitor VYD announced a new package of driver assistants "God's Eye", which will be offered in various versions (with lidar or cameras and ultrasonic sensors) free in all their cars.
The Chinese manufacturer's shares rose after the news raised some serious questions about the American company's long-standing pricing policy for its driver-assistance systems.
Last week, Tesla shares had their worst week since October, falling around 11% on disappointing global sales. Tesla missed Wall Street's expectations for fourth-quarter revenue.
Some critics say Musk's move to lead the "squad team" The new US government has a negative effect on my business.
Aside from Tesla's decline, Musk's wealth has been boosted by his other ventures. His space company, SpaceX, has reached a valuation of $350 billion, making it the world's most valuable startup. Meanwhile, his artificial intelligence business, AI, has raised $6 billion in funding at a valuation of $50 billion.