How and why falling Tesla stock does not mean Elon Musk is losing his title as the world's richest man
Tesla’s stock has been declining each week since Musk took on the position of leading the Department of Government Efficiency, which is overseeing efforts to cut federal spending and reduce the government workforce. Elon Musk saw his net worth decrease by $29 billion due to a significant drop in Tesla's stock. Despite potential impacts of his government-related activities on Tesla's stock, Musk retains his position as the world's richest man, with substantial wealth from SpaceX and other ventures.
Tesla’s stock has been declining each week since Musk took on the position of leading the Department of Government Efficiency, which is overseeing efforts to cut federal spending and reduce the government workforce. Elon Musk saw his net worth decrease by $29 billion due to a significant drop in Tesla's stock. Despite potential impacts of his government-related activities on Tesla's stock, Musk retains his position as the world's richest man, with substantial wealth from SpaceX and other ventures.
