Elon Musk, the richest man in the world, has seen his fortune drop by $52 billion since the beginning of the year, largely due to declining Tesla sales.
According to CNN Business, the car manufacturer has experienced global sales declines, with its stock price plunging 20% last month as electric vehicle sales plummeted by 45% in Europe.
During last year’s presidential campaign, Tesla investors banked on the CEO’s support for Donald Trump, who was elected in November.
Tesla’s market value symbolically fell below the trillion-dollar mark for the first time since the presidential campaign.
According to NBC News, Elon Musk’s declining popularity could be linked to his controversial opinions and his perceived over-involvement in Donald Trump’s political agenda.
