Elon Musk's net worth took a significant hit on Monday, falling by $29 billion as Tesla's stock dropped 15%, the largest single-day decline since September 2020. Despite this loss, Musk remains the wealthiest individual globally with a net worth of $301 billion, down over 30% this year. Investors have expressed concern regarding Musk's focus on his companies as he balances government efficiency efforts. In a recent interview, Musk acknowledged the difficulties he faces in managing his responsibilities between Tesla, SpaceX, and his governmental roles.
Musk's net worth fell 6.7% on Monday, totaling a $29 billion loss, primarily due to a 15% decline in Tesla's stock price, marking significant investor concerns.
Despite his losses, Musk retained his status as the wealthiest person globally, with a net worth of $301 billion, though down 30% from this year’s peak.
In an interview, Musk expressed the challenges of managing Tesla and SpaceX while also working on government efficiency, stating, 'With great difficulty,' after a long pause.
Investor concerns have arisen regarding Musk's involvement in Washington, with many fearing he spends less time focusing on Tesla, evidenced by the significant drop in stock.
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