Elon Musk Loses $122 Billion Amid Tesla Stock Plunge from Tariff Threats

Elon Musk's net worth has taken a significant hit as Tesla's stock continues to decline, largely influenced by President Donald Trump's proposed tariffs on imports from Canada, Mexico, and China. As of Thursday, Musk's fortune decreased by $9.2 billion, bringing his total net worth to $342.5 billion, down from a peak of $464 billion in December 2024. Tesla's shares fell to just above $260, representing a 47% drop from their record high, marking one of the worst declines for the company since late February. Analysts suggest that the tariffs create uncertainty for Tesla's operations, especially as the company relies heavily on the Chinese market for electric vehicles and Canadian imports for production. Despite the significant losses, Musk remains the richest person globally, ahead of Mark Zuckerberg by over $120 billion. However, the financial turmoil has raised concerns about Tesla's future and investor confidence in the face of escalating trade tensions.