New York CNN —
Elon Musk has lost $52 billion in net worth since the year began, but he’s still the richest person in the world by a long shot, according to the Bloomberg Billionaires Index.
Shares of Musk’s Tesla dropped 8% before market close Tuesday after a steady decrease of more than 20% over the past month. Tesla’s market value dropped below $1 trillion for the first time since November 2024.
Tesla sales are in an unprecedented slide, and the company’s sales dropped 45% last month across Europe despite the popularity of electric vehicles
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