Elon Musk lost approximately $29 billion in one day due to the fall in Tesla shares, as evidenced by data from the Bloomberg Billionaires Index.
According to this information, Musk's daily losses correspond to 6.7% of his fortune. Since the beginning of the year, the businessman has already lost $132 billion ( 30.5% of all assets ).
Currently, his fortune is approximately $ 301 billion. According to the Yahoo Finance portal, the value of Tesla shares decreased by 15.4% compared to the closing price of previous transactions and amounted to $ 222.2 per share.
As American media points out, the actions of the Department of Government Efficiency (DOGE), which is overseen by Musk and is concerned with reducing the state apparatus and cutting budget spending, have caused reactions against Tesla in America.
On March 7, The Independent reported that Musk's fortune had fallen by $8.8 billion in one day after Tesla shares fell sharply. The company's shares fell after Donald Trump imposed new tariffs on products from Canada, where components are imported, and increased tariffs on products from China, Tesla's second-largest market for electric vehicles. In December, the share price reached $479 and fell below $260 in March.
As the report says, if Musk loses another $116 billion, he could lose his status as the richest person on the planet. The next richest person after Musk, Amazon founder Jeff Bezos, is estimated to be worth $216 billion.
Meanwhile, Donald Trump once again expressed his confidence in Elon Musk, with the US president reacting on Truth Social after Tesla shares fell.
"I will buy a new Tesla tomorrow," announced Donald Trump.
"To Republicans, Conservatives and all Great Americans, Elon Musk is 'taking risks' to help our Nation and is doing a FANTASTIC JOB! But the Radical Left crazies, as they often do, are trying to illegally boycott Tesla, one of the largest automakers in the world, and Elon's 'baby', in order to attack and damage him and everything he stands for," Trump said.
In conclusion, Donald Trump wrote: “ They tried to make me the 2024 election, but how did it turn out? In any case, I will be buying a brand new Tesla tomorrow morning as a sign of faith and support for Elon Musk, a truly great American. Why should he be punished for offering his infinite skills to help make AMERICA GREAT AGAIN??? ”. (A2 Televizion)
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