How much has Elon Musk lost since he is driving the doge? 140 billion. That’s why now back to Tesla
For Musk, having decided to support Donald Trump and entering his government was bankruptcy (at least for his heritage). Thus, the patron of Tesla has decided to take a step back and return to deal more with his cars
On January 20, 2025 Elon Musk took on the task of Head of the Department of Government efficiency (Doge)with the Trumpian mandate to cut federal expenditure, consolidate the number of departments and eliminate the consumer financial protection Bureau. Over the three months since the multi -military patron of Tesla is « special government employee », according to the estimates of Bloombergits heritage has reduced about 140 billion dollars, going from $ 449 to $ 310 billion.
Last December, the CEO of Tesla and Spacex had become the first person in the world to be worth more than 400 billion dollars. Sketch, always that same month, to 486 billion, in view of the entrance to the White House of Donald Trump, which Musk has blatantly supported. From that moment, everything has fallen. Always second Bloombergsince the beginning of the year, the assets of the South African entrepreneur has collapsed by 28%. And all due to the fall of Tesla’s shares, the only Musk company listed on the stock exchange, which this year lost 34% to Wall Street, burning over 500 billion capitalization.
A beautiful slap for the multimilionary entrepreneur who for years has seen the adjective « visionary » alongside his name. However, Musk’s political vision has not brought luck to his main company, Tesla, who suffered the distraction of his CEO and his excessive media exposure. Musk, therefore, He announced that he wants to take a step back (from the government) and return to deal with his Teslawhose net profit collapsed from 1.39 billion to 409 million dollars in the period between January and March, well below the analysts’ estimates, in the face of a turnover down by 21.3 billion to 19.3 billion dollars.
After Tesla’s collapse, most of Musk’s net heritage derives from his participation in Spacex today. However, its wealth could receive new shots from the duties announced by Trump on 2 April (now, however, the US president seems to be returning, at least partially, on his steps). Musk, who has so far been a faithful from Trump, has not failed to express himself against the Balzelli and asking for « zero » rates and a « free trade area » between the United States and Europe. In front of an economic empire that creaks, there is no political ideology that holds.
