Elon Musk Loses $22 Billion As Markets React To DOGE, Tariffs

Elon Musk’s net worth dropped $22.2 billion as Tesla shares fell 8.4% amid weak European sales and tariff concerns. The market downturn, fueled by Trump’s budget cuts and trade policies, also hit tech stocks. Despite the dip, Musk remains $100 billion richer than before Trump’s election, per Bloomberg’s Billionaires Index.