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.
After trump won tesla stock shot up like a hundred dollars because everyone thought elon would leverage the win into more money but now people don’t think that’s the case so it’s going back to where it was before the election