Elon Musk has experienced a significant financial and reputational downturn during the first 100 days of President Trump’s second term. His net worth has decreased by over $150 billion, dropping from nearly $480 billion to approximately $335 billion, primarily due to a sharp decline in Tesla’s stock value .Business Insider
Tesla’s challenges include a 13% year-over-year drop in vehicle deliveries and a 20% decrease in auto revenue. The average price of used Tesla vehicles has fallen by 10%, with the Cybertruck experiencing a 50% price decline. These issues are partly attributed to consumer backlash against Musk’s political involvement, particularly his association with President Trump .Business Insider+1People.com+1
In response to these challenges, Musk has reduced his role in the Department of Government Efficiency (DOGE) to focus more on Tesla, starting in May. This decision follows calls from investors for Musk to prioritize his responsibilities at Tesla .Business InsiderPeople.com
