Tesla Inc. Prominent Elon Musk’s money has been reduced by $ 300 billion for the first time since November as the indiscriminate result from President Donald Trump’s tariff also punishes his closest people.
According to the Bloomberg Billioners Index, Tesla Stock damaged the loss of $ 4.4 billion on Monday after increasing the loss, causing her total fortune to $ 297.8 billion. Last week, on Thursday and Friday, a hit of $ 31 billion. So far this year, Musk has lost $ 134.7 billion.
Musk was the sixth largest defeat in the list of 500 richest people in the world on Monday. Overall, the index fell $ 271 billion – its third worst day.
The recession in the fate of Musk is the continuity of a stunning reversal. Tesla’s shares increased after Trump’s choice, which to record the fate of Musk to record high. Since then, his role as a high-profile Trump advisor has made Tesla a goal for protest and barbarity in the country and abroad. The billionaire’s CEO’s polarization behavior and social media activity are isolated, which are to remove buyers and key owners of Tesla cars from their politics and damaged brand of the company.
The company’s shares have fallen over 50% since the record high in mid -December.
Over the weekend, Musk stated that it expects the “zero-tariff” system between the US and Europe that would effectively create “a free-business area”. His brother, Kimble on Monday criticized the tariff as “structural, permanent tax on American consumer”.
Kimbal Musk, a member of the Tesla Board, said, “Even though he is successful in bringing a job on the shore through tariff tax, prices will be higher and tax on consumption will remain the form of high prices as we are not just good in making everything,” Kimbal Musk, a member of the Tesla Board, said in a post on X.