Elon Musk appeared visibly emotional during a recent interview with Fox Business, following Tesla’s largest stock drop since 2020.
Despite being the world’s richest man, Musk’s fortune is shrinking at an alarming rate. While Forbes still lists him as more than $100 billion ahead of Jeff Bezos, his net worth has been on a downward spiral ever since President Donald Trump entered the White House.
Although Trump’s election victory over Kamala Harris initially benefited many of the world’s wealthiest individuals, that boost seems to have been short-lived for Musk.
Now holding a key role as the head of the Department of Government Efficiency (DOGE), Musk has become more polarizing than ever. The recent Tesla stock crash has wiped $116 billion from his wealth, leaving investors and analysts questioning what comes next.
“With Great Difficulty”
In an interview with Fox Business after losing $18 billion in a single day, Musk appeared deflated when discussing his financial situation.
When asked about how he’s managing his other ventures, he hesitated before responding, “With great difficulty.”
Fox’s Larry Kudlow then pressed him on whether there was a way to turn things around. Musk replied, “I’m just here trying to make the government more efficient, eliminate waste and fraud. So far, we’re making good progress.”
However, the mention of his struggling businesses seemed to strike a nerve. Despite the losses, there’s no sign of Musk stepping away from DOGE anytime soon.
