Elon Musk trotted out a chainsaw not long ago to show folks what he was doing to the federal government.
On March 10, the chainsaw met his net worth, and when it was through slicing away through the stock market’s ugly fall … well, let’s be real, Elon still isn’t hurting. That said, he did lose an incredible amount of money, according to multiple reports.
How much?
Well, his net worth reportedly took a $29 billion hit as Tesla’s stock declined, and his overall net worth reportedly was down 6.7%.
Losing that much money in a single day is stunning, but Musk remained the richest man in the world as of that night, with a reported net worth of $301 billion. Again, that was down from a reported net worth of $330 billion the day before.
Tesla’s stock reportedly took a 15% hit on March 10 and is now down 55% from its high back in December. Another sobering number for Musk is that his net worth has reportedly dropped by a total of $132 billion this year.
March 10 was so bad for Musk that President Donald Trump took to Truth Social to ask his followers to support Tesla.
“To Republicans, Conservatives, and all great Americans, Elon Musk is ‘putting it on the line’ in order to help our Nation, and he is doing a FANTASTIC JOB!” Trump wrote. “But the Radical Left Lunatics, as they often do, are trying to illegally and collusively boycott Tesla, one of the World’s great automakers, and Elon’s ‘baby,’ in order to attack and do harm to Elon, and everything he stands for. They tried to to it to me at the 2024 Presidential Ballot Box, but how did that work out? In any event, I’m going to buy a brand new Tesla tomorrow morning as a show of confidence and support for Elon Musk, a truly great American. Why should he be punished for putting his tremendous skills to work in order to help MAKE AMERICA GREAT AGAIN???”
—Brian Linder, pennlive.com (TNS)
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