Elon Musk's wealth has decreased by 31%.
According to a report by Sputnik News on April 8, the net worth of Elon Musk, CEO of Tesla and SpaceX and American entrepreneur, has fallen below the $300 billion mark for the first time since November, now at $297.8 billion, which is $135 billion less than its peak.
The main factors contributing to Musk's loss of wealth are two-fold:
The first factor is that Musk has been overly involved in political activities. In particular, his support for Trump's successful presidential campaign has offended Democratic supporters within the United States. Additionally, Musk often speaks without restraint, showing support for right-wing European figures such as Alice Weidel, leader of the Alternative for Germany (AfD), Marine Le Pen, leader of the French National Rally (Rassemblement National), and Nigel Farage, leader of Reform UK. This has resulted in widespread resistance from European countries, leading to a significant drop in Tesla car sales in Europe.
The second factor is Trump's tariff policies causing consecutive sharp declines in the U.S. stock market, with Musk and other American tech billionaires experiencing particularly significant drops in their stock values. This is also an inevitable outcome of the eventual bursting of America's tech bubble. The U.S. tariff policy will inflict substantial damage on the U.S. itself, inevitably resulting in the U.S. "shooting itself in the foot".
Original article: https://www.toutiao.com/article/1828825325088905/
Disclaimer: The article represents the author's personal views only.