Elon Musk Loses $113 Billion in Trump Administration Role, Calls It Worth It

Elon Musk experienced a significant loss of approximately $113 billion, or 25% of his net worth, during his tenure leading the Department of Government Efficiency (DOGE) within President Donald Trump's administration, largely due to Tesla's stock decline amid concerns about his divided focus and market pressures. Despite this financial setback, Musk has publicly stated that the loss was "worth it," signaling his commitment to government service. The period also saw heightened tensions between Musk and President Trump, stemming from Musk's criticism of Trump’s budget legislation and impeachment calls, which led to Trump threatening to withdraw federal contracts and pulling back Musk’s nominee for NASA chief. Recently, however, relations appear to be warming, with Musk sharing patriotic emojis and Trump expressing openness to dialogue, hinting at a possible easing of their feud. Tesla's stock decline was also influenced by external factors such as market competition and potential tariffs tied to the Trump administration. Musk’s other ventures, including SpaceX and Neuralink, attracted fresh funding during this time, underscoring that Tesla was the primary source of his wealth decline.