Elon Musk Reacts After Losing $29 Billion in a Single Day

‘Devastated’ Elon Musk reacts after the billionaire lost $29,000,000,000 in one day

He continues to be the richest man in the world by a significant margin.

During a recent interview with Fox Business, Elon Musk appeared to be overcome with emotion when he was asked about his other firms.

This question came after the most significant decline in Tesla shares since the year 2020.

Elon Musk may be the richest man in the world, but if he continues to lose money at the same pace that he is, it is possible that he may not remain in that position for very much longer.

Although the latest billionaire list published by Forbes has Musk at a wealth that is more than $100 billion greater than that of Jeff Bezos, who is ranked in second place, Musk’s net worth has significantly decreased ever since President Donald Trump took office.

It appears that Mr. Musk received only a short boost as a result of Trump’s triumph over Kamala Harris, despite the fact that the wealthiest people in the world became even wealthier.

Musk has become more polarizing than he has ever been before as a result of his decision to deeply embed himself in the White House and to take on a new post as the chairman of the Department of Government Efficiency.

Musk is currently $116 billion lower than his peak wealth as a result of the plummeting of Tesla stocks, and there are fears regarding what will occur in the future.

Musk, who was visibly disappointed after suffering a loss of $18 billion in a single day, gave an honest interview to Fox Business in which he discussed his present financial predicament.

The response that Musk gives when he is asked about how he is managing his other business is, “With great difficulty.” Musk seems at a loss for words.

When Larry Kudlow of Fox News inquires about the possibility of reversing course at this point, Elon Musk responds by saying,

“I’m just here trying to make the government more efficient, in addition to eliminating waste and fraud.” We are making significant headway up to this point.

The fact that Musk’s previous commercial ventures have suffered losses that are significantly higher than their typical levels has obviously struck a chord with him, but there is currently no indication that he will be withdrawing from the DOGE.

It has been reported by Business Insider that the financial situation might possibly be more dire. According to the Bloomberg Billionaires Index, Musk’s net worth dropped to $301 billion on Monday evening (March 10). This information is provided by the website.

Taking into account that he was worth $330 billion on March 9, this is an astounding $29 billion in a single day, which is a total decrease of 6.7% during that time period.

According to reports, it was precipitated by the fact that Tesla’s stock had a decrease of fifteen percent on March 10, making it the largest single-day drop since September 2020.

Taking a step back and looking at the wider picture, after reaching its highest point in December 2024, Tesla stock has dropped by 55%, and Musk’s net worth has decreased by $132 billion (30%) in 2025.

We have witnessed Tesla vehicles and facilities being vandalized by irate individuals, and some Tesla owners have even gone so far as to deface their own automobiles.

A single individual responded to the video of Musk by remarking, “‘All his businesses?'” This demonstrates that there was not a lot of sympathy for Musk’s most recent loss. No way! Just one company, which is traded on public exchanges, is being thrown under the bus from him! The remainder of his companies continue to be protected and are thriving, as evidenced by the fact that they have been awarded contracts worth billions of dollars from the government.

Another person made a joke by saying, “He did Nazi that coming.”

The conclusion reached by another individual was as follows: “A rare moment of reality as he begins to suspect that the majority of people actual hate him.” Despite this, it will not last, as it never does. In a short amount of time, the illusions will return to their full extent.

As the President of the United States’ very own “First Buddy,” Musk is persevering in his efforts to reduce the amount of money that the federal government spends.