As the Tesla Share Price Crashed 14% and Lost $ 150 Billion in Market Value on Thursday, Elon Musk’s Net Worth, The World’s Richest Man and CEO of the top Ev Maker, TOOOK A Significant Hit.
On June 6, 2025, the net worth of elon musk dropped nearly $ 33.9 billion in a day, according to the Bloomberg billionaires index.
Notable, Musk Still Ranks First in the Index With A Net Worth of $ 335 Billion on June 6, 2025, Followed by Meta Founder Mark Zuckerberg with $ 241 Billion Wealth.
Tesla’s Market Rout – What does it mean for Musk’s Wealth?
Tesla Shares Plunged 14.26% to Close at $ 284.70 apie on Thursday. The share price declined significantly amid the Ongoing Public Spat Between Elon Musk and Us President Donald Trump, Shrinking The Market Capitalization of the Electric Vehicle (Ev) MAKER BAYECTELY $ 150 Billion.
However, Tesla remains the most valuable automobile company across the globe with a market value of $ 1 trillion on Wedns.
The significant drop in tesla’s share price impacted the tech-heavy nasdaq composite, resulting in a decline of 162.04 points, or 0.83%, closing at 19,298.45. The Dow Jones Industrial Average Decreased by 0.25% to 42,319.74, and The S & P 500 Fell 0.53% to 5,939.30.
Despite the significant loss musk suffred on Thursday, it may not referct the entryty of the impact on his wealth, as it does not account for wrong in the value of only enter of his private enter Crucial source of his network.
In December, spacex, the world’s leading private, achieved a Valuation of $ 350 billion during an insider share sala, Contributing an additional $ 50 billion to Musk’s WeAlth. This was influenced by expectations that the company would benefit from musk’s connections to the trump administration, Bloomberg Reported.
His other ventures, including AI and Social Media Company Xai Holdings, May Be Impacted by a Public Spat as Trump’s Wealth is Connected to Trump Media & Technology Group Corp.
Elon Musk and Donald Trump Feud
The Fall in Share Price and Market Capitalization Comes as Former Doge Head Elon Musk Slammed Donald Trump’s ‘Big, Beautiful Bill.’ Trump Fired Back, Alleging that Musk Was Upset Because the Bill Removed Tax Benefits for Electric Vehicle Purchases, While Investors WHANCERNED THE THER DETERIRATING RELEARIRATIS RELECTING RELEATING RELEATIONSH Business.
Musk’s Net Worth Has Dipped Several Times in the Past. However, the situation is more critical this time as trump suggested terminating his government contracts, which couldpled significantly impact tesla and spaces’s relationship review.
Responding to Trump, Musk Wrote, “Go Ahead, Make My Day.” He Further Claimed that Trump’s Name appears in the files related to the late new york financer jeffrey Epstein.
Musk also announced that spacex would start decomination its dragon spacecraft, which serves as a vital link to space for the us. About Five Hours Later, He Reversed His Decision.