Elon Musk’s net worth falls below $400 billion for first time in 2025 after Tesla shares plunge 27% since December peak

Elon Musk’s net worth fell below the $400 billion mark for the first time in two months, dragged down by a double-digit slide in Tesla Inc.’s share price. The electric vehicle (EV) giant's stock has fallen 27 per cent after hitting an all-time high in mid-December over hopes that the DOGE chief's proximity to US President Donald Trump would boost the company’s fortunes. 

According to the Bloomberg Billionaires Index, Tesla shares and options comprise over 60 per cent of Musk’s wealth, which peaked at $486.4 billion on December 17 after Trump’s election. Last week was Tesla's worst since early October, with shares dropping 11 per cent after reporting poor monthly sales. 

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Elon Musk's net worth takes a hit after Tesla stock crash

Deliveries in Germany tumbled 59 per cent to the lowest levels since 2021, while China sales fell 11.5 per cent from a year earlier amid competition from regional rival BYD Co. The shares dropped for the fourth straight day in New York trading, sliding three per cent to $350.73. Musk's political reinvention was a key driver for Tesla stock post-election, and the 53-year-old billionaire has devoted most of his attention to Washington since inauguration day. 

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While Musk's Tesla stake still makes up the largest portion of his $394.6 billion net worth, its recent decline—paired with record funding rounds for Musk's other companies, including xAI and SpaceX—means that the EV carmaker is contributing a relatively smaller share to his fortune. 

According to Bloomberg, Musk's 42 per cent stake in SpaceX is currently worth $136 billion, or roughly the same amount as the value of his shares at market close. The DOGE chief is also leading a consortium of investors making an unsolicited bid to buy OpenAI, the company behind ChatGPT, for almost $95 billion, citing Musk's attorney, Marc Toberoff. OpenAI's CEO Sam Altman rejected the offer in a post on Musk's X social-media platform.

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