**Tesla Share Price Plummets, Impacting Elon Musk’s Wealth**
Elon Musk, the CEO of Tesla and the world’s richest individual, experienced a significant decline in his net worth as Tesla’s share price fell by 14% on Thursday, resulting in a staggering loss of $150 billion in market value. On June 6, 2025, Musk’s net worth dropped nearly $33.9 billion in just one day, according to the Bloomberg Billionaires Index, marking a year-to-date decrease of approximately $97.9 billion. Despite this setback, Musk retains the top position in the index with a net worth of $335 billion, followed by Meta founder Mark Zuckerberg, who has a wealth of $241 billion.
The sharp decline in Tesla’s stock, which closed at $284.70 per share, was exacerbated by a public feud between Musk and former President Donald Trump. This conflict has raised concerns among investors about the potential impact on Musk’s business ventures, particularly Tesla, which remains the most valuable automobile company globally with a market capitalization of $1 trillion as of Wednesday.
The downturn in Tesla’s stock also affected the broader market, leading to a drop in the tech-heavy Nasdaq Composite by 162.04 points, or 0.83%, closing at 19,298.45. The Dow Jones Industrial Average fell by 0.25% to 42,319.74, while the S&P 500 decreased by 0.53% to 5,939.30.
While Musk’s wealth took a hit on Thursday, this may not fully reflect the overall impact on his financial standing, as it does not account for any declines in the value of his private enterprises, which are crucial to his net worth. Notably, SpaceX, Musk’s leading private startup, achieved a valuation of $350 billion during an insider share sale in December, adding an estimated $50 billion to his wealth, bolstered by expectations of benefiting from Musk’s connections to the Trump administration.
Musk’s other ventures, including his AI and social media company xAI Holdings, could also be affected by the ongoing public dispute, given Trump’s ties to Trump Media & Technology Group Corp.
The recent drop in Tesla’s share price coincides with Musk’s criticism of Trump’s proposed legislation, which Trump claimed would remove tax benefits for electric vehicle purchases. This exchange has raised investor concerns about the potential ramifications of their deteriorating relationship on Musk’s extensive business interests. Musk’s net worth has fluctuated in the past, but the current situation is particularly critical, as Trump has suggested the possibility of terminating government contracts that could significantly impact Tesla and SpaceX’s revenues.
In response to Trump’s comments, Musk stated, “Go ahead, make my day,” and further alleged that Trump’s name is linked to files concerning the late financier Jeffrey Epstein.
**FAQ**
**Q: How did Tesla’s recent stock decline affect Elon Musk’s wealth?**
A: Tesla’s share price fell by 14%, leading to a loss of $150 billion in market value and a nearly $33.9 billion drop in Musk’s net worth in one day.
