Following Trump's win in November, Tesla stock surged to a new high of $479 per share on December 17. Now, just three months later, the electric vehicle titan's stock has plummeted 51% from its peak, down to $234 per share at the time of writing.

According to Bloomberg, Musk's net worth has dropped by $103 billion in the year to date, reflecting a 23.8 percent decrease in his overall wealth, the most of any billionaire in the Billionaires Index. Despite this dramatic loss, Musk remains the wealthiest person globally, with an estimated fortune of $330 billion as of March 9, 2025.