Elon Musk's Big Day, Big Drop

Elon Musk is a busy man. He is the CEO of several companies, including Tesla and SpaceX. He is also involved in government work. But on Monday, he faced a big challenge. Tesla's stock price dropped by 15%. This caused Musk's net worth to fall by $29 billion in just one day. That's a lot of money to lose in a single day. Musk's net worth dropped by 6. 7% on Monday. This was the biggest single-day decline in Tesla's stock since September 2020. The tech-heavy Nasdaq 100 and the S&P 500 also saw drops of 4% and 3% respectively. Musk has been working closely with President Donald Trump and the DOGE office. He is trying to make the government more efficient. This includes cutting spending and reducing the federal workforce. But some Tesla investors are worried. They think Musk might be spending too much time in Washington, DC, and not enough time focusing on Tesla. Musk has said that it's been hard to run his businesses while working on government efficiency. He admitted this in an interview with Fox Business on Monday. When asked how he was managing both, Musk replied, "With great difficulty, " followed by a long pause and a sigh. This shows that even the wealthiest person in the world can face challenges. Tesla's stock is down 55% from its high in December. Musk's net worth is down $132 billion, or over 30%, this year. This is a significant drop. It shows that even the wealthiest person in the world can face financial challenges. Tesla facilities have also been the targets of several attacks. These include gunshots and other acts of vandalism. Police have said these attacks could be motivated by Musk's politics and government work. When asked about these incidents during the Fox interview, Musk said he wanted to eliminate waste and fraud in the government. He believes he is "doing the right thing. " Musk is still the wealthiest person in the world. He was worth $301 billion as of Monday evening. This is according to the Bloomberg Billionaires Index. Musk's net worth as of Sunday was $330 billion. This means it fell 6. 7% on Monday. Musk has been involved in government work. He has been working closely with President Donald Trump and the DOGE office. He is trying to make the government more efficient. This includes cutting spending and reducing the federal workforce. But some Tesla investors are worried. They think Musk might be spending too much time in Washington, DC, and not enough time focusing on Tesla.