Following the largest decline in Tesla shares since 2020, Elon Musk appeared tearful when questioned about his other ventures in a recent appearance with Fox Business.
Elon Musk may be the wealthiest man on the planet, but that position may not last for long if he continues to lose money at his current rate. Musk is nearly $100 billion richer than Jeff Bezos, who is ranked second on Forbes’ current billionaire list, although his net worth has plummeted since President Donald Trump took office.
The wealthiest people in the world became even wealthier after Trump defeated Kamala Harris, but it appears that Mr. Musk only benefited momentarily.
Musk has become more polarizing than ever after integrating himself into the White House and accepting a new position as the chairman of the Department of Government Efficiency. Musk is now $116 billion poorer than he was at the height of his wealth due to the collapse of Tesla’s shares, raising questions about what will happen next.
After losing $18 billion in a single day, Musk, who was clearly disappointed, spoke candidly about his present financial status in an interview with Fox Business.
Musk is at a loss for words when asked how he manages his other company, responding, “With great difficulty.”
“I’m just here trying to make the government more efficient, eliminate waste and fraud,” Musk responds when Fox’s Larry Kudlow wonders whether there’s any way to go back now. We’re making good progress thus far.
Musk is obviously offended by the remark that his other company endeavors are losing more money than normal, but as of right now, there is no indication that he will leave the DOGE.
Business Insider claims that the financials might be considerably worse. According to the website, which cites the Bloomberg Billionaires Index, Musk’s net worth fell to $301 billion on Monday night, March 10. He lost an astounding $29 billion in a single day, representing a 6.7% overall decline, given that his value was $330 billion on March 9.
It was reportedly brought on by the 15% decline in Tesla’s shares on March 10, which was the largest one-day decline since September 2020.
In the long run, Musk’s net worth has decreased by $132 billion (30%) in 2025, while Tesla’s stock has dropped 55% from its peak in December 2024.
Infuriated individuals have vandalized Tesla automobiles and establishments, and some Tesla owners have even started vandalizing their own cars.
Musk’s recent loss drew little compassion; one commenter on the video of him wrote: “‘All his businesses?'” No! Only one publicly traded company is being thrown under the bus by him! His other companies, which have been awarded billions of dollars in federal contracts, are still safe and thriving.
Someone someone made the joke, “He did Nazi that coming.”
“A rare moment of reality as he starts to suspect that most people actually hate him,” someone else concluded. But it never lasts, so it will not. Soon enough, the delusions will return in full force.
As the president’s personal “First Buddy,” Musk is currently still working to reduce federal expenditure.