politics @lemmy.worldEnglish · 2 days ago

Elon Musk is now $111 billion poorer, thanks to his best bro Donald Trump’s tariffs

www.vanityfair.com

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Elon Musk is now $111 billion poorer, thanks to his best bro Donald Trump’s tariffs

www.vanityfair.com

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politics @lemmy.worldEnglish · 2 days ago

Summary

Elon Musk’s net worth has dropped by $110.8 billion since its peak in December 2024, largely due to Tesla’s stock decline following Donald Trump’s new tariffs on Canada, Mexico, and China.

However, his close ties to Trump and influence over government contracts, including Starlink deals, may help him recover.

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sevenOfKnives@lemmy.blahaj.zone
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2 days ago
The valuation of the stock market is fake anyways. (ESPECIALLY bubble stocks like tsla) This sadly doesn’t affect his lifestyle or the power he yields in any way.

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