Elon Musk’s net worth dropped by $8.8 billion to $342.8 billion following a Tesla stock decline triggered by concerns over Trump’s tariffs. Tesla’s share price closed at $263, marking its lowest point since Election Day and falling significantly from its December peak of $480. Despite the drop, Musk remains the richest person in the world, with a lead of over $120 billion ahead of Mark Zuckerberg. Tesla’s financial struggles are linked to its reliance on international imports, especially from China and Canada, which are impacted by the tariffs. Musk’s involvement with the Trump administration’s Department of Government Efficiency (DOGE) has reportedly influenced market sentiment. Continue here.
