Elon Musk Loses $102 Billion in 2 Months as Tesla Stock Plummets

Abdullah Mustapha

March 7, 2025

Elon Musk has lost $102 billion this year. The drop is mainly due to Tesla’s falling stock price. To put it in perspective, that loss is almost the same as the entire market value of United Parcel Service (UPS). Despite this setback, Musk remains the world’s richest person, ahead of Amazon’s Jeff Bezos.

Elon Musk’s Net Worth Drops by $102 Billion Due to Tesla Stock Decline

According to the Bloomberg Billionaires Index, Musk’s wealth has fallen by 24% in less than 10 weeks. As of Thursday, his net worth stood at $330 billion. The sharp decline is linked to Tesla’s struggles, Musk’s political involvement, and concerns about his divided attention.

Tesla’s Stock Plunge

Tesla’s stock has fallen 35% this year. It dropped from $404 per share to $263. This sell-off erased over $400 billion from Tesla’s market value, bringing it below $900 billion. Several factors have contributed to this decline.

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One major reason is Musk’s political activities. He donated over $250 million to Donald Trump’s reelection campaign. He also attended Republican rallies and urged his followers on X (formerly Twitter) to support Trump. Many investors dislike his political stance, which has hurt Tesla’s stock.

Musk has also taken on a role in Trump’s administration. He is leading efforts to cut federal spending through his White House DOGE office. Investors worry that this new role is distracting him from running Tesla. Concerns over declining Tesla sales in several countries have added to the pressure.

Billionaires Losing Money

Musk is not the only billionaire facing losses. A broader market downturn has hit other wealthy individuals. Oracle’s Larry Ellison has lost $19 billion, bringing his fortune to $173 billion. Nvidia’s Jensen Huang and Amazon’s Jeff Bezos have each lost around $17 billion.

Bezos is now tied with Meta’s Mark Zuckerberg at $222 billion. While Bezos has lost money, Zuckerberg has gained $14 billion this year due to Meta’s stock growth.

Read Also: SpaceX’s Starship Spins Out of Control and Explodes

What’s Next for Musk?

Musk’s financial recovery depends on Tesla’s performance. The company must boost sales and regain investor trust. His political involvement may win new supporters but also alienate others. Balancing his political interests with his business responsibilities will be key.

The next few months will be crucial. If Tesla rebounds, Musk could regain his lost wealth. If not, his fortune may continue to shrink. One thing is clear—Musk’s influence in business and politics remains strong.

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Businessinsider