Elon Musk’s Net Worth Soars $30B in a Single Day

Elon Musk suffered a massive financial hit as his net worth dropped by nearly $30 billion (Rs. 8.37 trillion) in a single day, following a 15% decline in Tesla shares—the company’s worst single-day loss since 2020. Tesla’s stock has now fallen over 40% this year, sparking concern among investors. Many Tesla shareholders worry that Musk’s focus on external ventures, including government restructuring efforts and other business projects, is pulling his attention away from the electric vehicle giant.

A recent investor poll revealed that 60% of respondents believe Tesla needs Musk’s full commitment to stabilize the company. However, other factors such as media narratives and shifting market dynamics are also being blamed for the stock’s decline. Tesla is also grappling with slowing sales in key markets like Europe and China, further adding to its challenges. Industry analysts stress the urgent need for a renewed strategic focus to help Tesla regain its position and navigate the ongoing downturn. As the company faces increased competition and economic uncertainty, the road ahead looks tough, making Musk’s leadership more crucial than ever.