Elon Musk has seen a dramatic drop in his wealth, losing around $1 billion per day since Donald Trump’s policies took effect. This financial setback is largely due to the Trump administration’s trade policies, including high tariffs that have negatively impacted Tesla’s stock and overall investor confidence. As a result, Musk’s net worth has fallen below $300 billion, marking a significant decrease from his previous highs.
In light of these losses, Musk announced his resignation from the Department of Government Efficiency (DOGE), a position he had held under Trump. He criticized the inefficiencies within the department and the strain Trump’s economic policies had placed on Tesla’s operations.
Despite these challenges, Musk remains a dominant figure in the tech industry. Tesla continues to lead the electric vehicle market, although it faces increasing competition. Musk’s investments in space exploration and artificial intelligence continue to draw attention, and his ventures are still of significant interest to investors.
