Elon Musk, the world’s richest individual, experienced a significant financial setback on March 10, 2025, as his net worth plummeted by approximately $29 billion. This sharp decline was primarily due to a 15% drop in Tesla’s stock price, marking its largest single-day fall since September 2020.
The broader market also faced substantial downturns, with the Nasdaq Composite falling 4% and the S&P 500 declining 2.7%. These movements were influenced by escalating recession fears and ongoing trade tensions. 
Despite this considerable loss, Musk’s net worth remains substantial, standing at $301 billion, down from $330 billion the previous day—a 6.7% decrease. Year-to-date, Tesla’s stock has decreased by 55%, leading to an overall 30% drop in Musk’s net worth this year. 
Investors have expressed concerns about Musk’s divided focus between his corporate responsibilities and his involvement in government initiatives aimed at reducing federal expenditure. Additionally, Tesla facilities have faced several attacks, potentially motivated by Musk’s political involvements, further contributing to the company’s stock volatility.  
In response to the financial downturn, Musk maintained a resilient attitude, quoting Monty Python’s “Always look on the bright side of life” during a Fox Business interview, reflecting his characteristic optimism amidst market challenges. 
Editorial newshub-finance
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