Trump’s first 100 days in office have cost Elon Musk $113 billion of his net worth

• The net value of Elon Musk decreased by 25 %– Or about $ 113 billion – president Donald Trump’s inauguration. Tesla, where Musk derives about 60 % of his wealth, from EV Flung sales, in part as a result of negative morale about his participation in Doug.

Elon Musk lost more than a billion dollars per day, on average, in the first 100 days of President Donald Trump’s second term. Tesla CEO has witnessed a total of about $ 113 billion, or 25 % of his personal wealth, has been diminishing since January 17, according to the Bloomberg billionaires.

Musk played a major role in the Trump administration, as it informally operated the Ministry of Governmental efficiency (DOGE) responsible for the execution of the federal workforce and financing while Musk claims is an effort to reduce costs. All the time, he continued the presidency of his companies – from Tesla to Spacex – although the investor fears it is very spread. But after the first 100 days of Trump at the White House, Musk finds himself with little to show his efforts.

The price of the Tesla share has decreased by 33 % since Trump’s opening directly, and 41 % since its standard peak in December 2024. After the company informed a 13 % decrease in sales in the first three months of the year, investors constantly defended Musk to decrease a step back. Musk derives about 60 % of its wealth from the EV maker.

“This is 100 days of destruction,” said Eline Camark, director of the Public Administration Center at the Brookings Foundation in Washington. Bloomberg. “Doug cuts the muscles, not fat. Elon Musk takes a lot of heat for Trump’s decisions, and people decided to hate musk more than Trump.”

The White House did not respond luckComment requests.

100 days in the government

The period of a “private government employee” in the Trump administration – which is scheduled to rise within 30 days – was distinguished by controversy. Although the consultant, which was originally identified to provide $ 2 trillion of “fraud, waste and abuse”, it claims that it has provided only 160 billion dollars, which some experts claim is still exaggerated. Meanwhile, the Yale University Budget Laboratory claims that mass shootings in DJ in the service of internal revenue will cost billions in taxpayers revenue, while some economists fear discounts in private sector contracts that threaten small companies and the labor market.

Dog failed to obtain the confidence of most Americans. According to April After ABC News IPSOS survey, 57 % of Americans do not agree to how Musk deals with DOGE, an increase of 49 % of the polling in February.

While Spacex, as well as the UNITED Launch Alliance (ULA) and Jeff Bezos, owned blue origin, they got a contract worth $ 13.5 billion from the Pentagon, Tesla’s fortunes during the Trump era were flagrantly different. EV was already competing with Rocky Sale as a result of increasing competition from China. Vibah Taniga, the financial manager of Tesla, predicted during the profit tariff plan in the fourth quarter of the company [its] Business and profitability. “

Meanwhile, the participation of Musk with the Trump administration led to the politicization of his company, which sparked the boycott and protests with the “bankruptcy” of musk, according to one of the protest organizers. Musk is not separated by the brand of EV’s Makers, according to Dan Evs, a Tesla bull for a long time and a manager at Wedbush Securities. Unless Musk goes out of his responsibilities in Dog, Tesla will remain a target to tempt the Americans towards Musk and his role in the Trump administration.

“The hour hit midnight,” I told Evis luck last month. “Invested frustration, and the more it becomes a political symbol, the more worse for the brand and the arrow.”

Musk’s net value decreased to less than $ 300 billion earlier this month for the first time since November 2024, after the market was held as a result of Trump’s definition.

Possible musk turned

There are signs that the tide will turn into musk. His wealth has since turned away to about 335 billion dollars with Tesla’s shares continued to rise – although it is still much less than its peak in December 2024 – as his upbringing of his role in Tesla followed. Musk’s return to Tesla can be a working conditioner, but not a quick solution.

“We consider this as a thorn at the time of the road: if Musk leaves the White House, there will be permanent damage to the brand,” Evz told investors earlier this month. “But Tesla will have its most important origins and strategic thinkers as a full -time executive president.”

Musk admitted in his presentation of his profits, he will likely continue to work with the president in some ability for the rest of his term, with Doge Business for a day or two a week. Meanwhile, Trump continued to stand next to musk, praising his accomplishments within the administration.

“I can’t talk more about anyone,” Trump told reporters last week. “I am very unfairly treated – I think you call it the audience, some audience.”

“He loves the country,” added Trump. “It doesn’t need to do so.”

This story was originally shown on Fortune.com

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2025-04-29 18:07:00