Summary
Elon Musk’s net worth has dropped by $110.8 billion since its peak in December 2024, largely due to Tesla’s stock decline following Donald Trump’s new tariffs on Canada, Mexico, and China.
However, his close ties to Trump and influence over government contracts, including Starlink deals, may help him recover.
Tesla is a sinking ship and Musk knows it. It’s incompatible with his personal beliefs and its customer base are the enemy. I think the goal here is to drain as much value as he can, shore up his wealth via other means and abandon the brand entirely - probably while blaming liberals and protestors etc.
Is it known if he’s selling down yet?!
He violated SEC rules when he bought up Twitter stock, I wouldn’t be shocked if he was selling off positions without reporting it. Who’s going to enforce the laws/rules against him?