In a recent interview with Fox Business, Elon Musk appeared tearful as he was questioned about his other ventures after the largest decline in Tesla shares since 2020.
If Elon Musk continues to lose money at his current rate, he may not be the richest man in the world for very long. Musk’s wealth has plummeted since President Donald Trump took office, despite the fact that he is over $100 billion richer than Jeff Bezos, who is ranked second on Forbes’ current billionaire list.
Although Trump’s triumph over Kamala Harris increased the wealth of the world’s richest people, it appears that Mr. Musk only benefited momentarily.
Musk has grown even more controversial after he moved into the White House and assumed a new position as the head of the Department of Government Efficiency. Musk is $116 billion lower than his peak wealth as a result of the Tesla stock crash, and he is worried about what will happen next.
A visibly depressed Musk was open about his present financial status in an interview with Fox Business following a $18 billion loss in a single day.
In response to a question concerning his other business, Musk seems at a loss for words and responds, “With great difficulty.”
When Larry Kudlow of Fox asks if there is any way to go back now, Musk responds, “I’m just here trying to make the government more efficient, eliminate waste and fraud.” We are progressing well so far.
Although Musk is obviously offended by the remark that his other business endeavors are losing more money than normal, there is currently no indication that he will leave the DOGE.
The financial situation might be substantially worse, according to Business Insider. According to the website, Musk’s net worth dropped to $301 billion on Monday night (March 10), citing the Bloomberg Billionaires Index. His value dropped by an astounding $29 billion in a single day, or 6.7%, as compared to his $330 billion on March 9.
According to reports, it was brought on by Tesla’s stock plunging 15% on March 10, the largest one-day decline since September 2020.
Taking a broader view, Musk’s net wealth has decreased by $132 billion (30%) in 2025, while Tesla stock has fallen 55% from its peak in December 2024.
Some Tesla owners have even started vandalizing their own cars, and we have witnessed irate individuals attack Tesla vehicles and establishments.
Not many people expressed sympathy for Musk’s recent setback. One guy wrote in response to the video of him, “‘All his businesses?'” Absolutely not! This is just one publicly traded company that he is disparaging! The remainder of his companies are still safe and thriving, receiving government contracts worth billions of dollars.
As one person put it, “He did Nazi that coming.”
Another came to the conclusion: “A rare moment of reality as he starts to suspect that the majority of people truly despise him.” It never does, but it won’t last. Soon enough, the delusions will resume their full intensity.
For the time being, Musk is still working to reduce federal expenditure as the president’s personal “First Buddy.”
