Elon Musk's fortune falls below $400 bln



02/12/2025 5:53 AM


The wealth of American entrepreneur Elon Musk has decreased to $394.6 billion, dropping below $400 billion for the first time in two months, following a 27% decline in Tesla Inc. stock prices since December 17, as reported by Bloomberg.



Dan Taylor
Tesla's shares and options account for over 60% of Elon Musk's entire wealth. The newspaper notes that the firm's stock prices dropped significantly last week.

The worth of Tesla stocks, as reported by the site Investing.com, has started to drop since February 4. At that time, its cost was $382.63. At the close of trading on February 10, the stock price stood at $350.73, decreasing by 11% throughout the week.

The drop in quotes started following the organization's monthly sales report. The information published by Tesla Inc.'s press office reveals that the firm sold 436,700 cars in the last quarter of 2024, a decline of 8.5% compared to the same timeframe in 2023. Deliveries in Germany declined by 59.5%, hitting the lowest point since 2021. Tesla sales in China decreased by 11.5% compared to 2023.

source: bloomberg.com


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