Elon Musk Loses $80B as Tesla Stumbles in 2025

As of August 6th, 2025, Elon Musk, the world's richest person, has seen his wealth plummet by a staggering $80 billion, reducing his net worth to around $352 billion. This significant drop is largely attributed to the struggles faced by his electric vehicle company, Tesla.

Tesla has had difficulty keeping up with Wall Street's projections for quarterly earnings, leading to a double-digit revenue decline in the second quarter of 2025. Additionally, Tesla's stock has fallen nearly 20% this year, further eroding Musk's wealth, as he holds a 13% stake in the company.

Despite the controversies surrounding Musk, Tesla shareholders have recently awarded him a $29 billion compensation package in an effort to keep him at the helm of the company. However, this move has not been enough to offset the financial challenges the company is facing.

Meanwhile, Musk's rivals, such as Larry Ellison, Mark Zuckerberg, and Jensen Huang, have been experiencing substantial wealth gains, threatening Musk's position as the world's richest person. Ellison, in particular, has gained $102 billion, while Zuckerberg's wealth has risen by $56 billion and Huang's net worth has increased by $37 billion.

The decline in Musk's wealth is not limited to Tesla, as his other enterprises, including SpaceX, Neuralink, the Boring Company, and XAI Holdings, are also facing financial difficulties. The report indicates that XAI, the union of social media site X and AI startup xAI, is reportedly burning through $1 billion a month, and the Boring Company's valuation has fallen from $8.6 billion in July 2023 to $6.4 billion.