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Elon Musk’s assets plummet $121bn as Tesla stocks sag: Report

Musk needs to lose $107bn to no longer be the richest man in the world



Elon Musk's net worth has decreased by $121 billion since December, with a $8.8 billion loss on Thursday, dropping his net worth to $342 billion. This decline was due to Tesla's stock performance, influenced by a 1.78% drop in the S&P 500 following tariffs imposed by President Trump on Canada, China, and Mexico, affecting investor confidence and Tesla's supply chain. Additionally, Musk's role as a "special government employee" contributing to job cuts has hurt Tesla's brand, leading to vehicle sales and incidents such as a Cybertruck needing a police escort and facility fires. Mark Zuckerberg remains the second-richest with $226.7 billion.

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