Elon Musk Loses $29 Billion in One Day

Elon Musk, the owner of Tesla and SpaceX, has lost $29 billion in a single day as Tesla's stock prices dropped by 15.4%. According to the Bloomberg Billionaires Index, shares of the electric vehicle manufacturer Tesla fell to $222.15.

Since the beginning of the year, stocks have already decreased in value by 1.8 times, with a single share valued at $403.84 by the end of 2024. Consequently, Musk's net worth has diminished by $29 billion, reaching $301 billion.