Trump's first 100 days in office Elon Musk cost 113 billion US dollars of his assets

• Elon Musk's net assets have dropped by 25%– or about 113 billion US dollars – President Donald Trump's inauguration. Tesla's share, from which Musk derives about 60% of his assets, has the nose as a turnover for the EV crash, partly a result of a negative mood about his participation in Doge.

Elon Musk lost more than 1 billion US dollars a day in the first 100 days of President Donald Trump's second term. According to Bloomberg Millionaires Index, the Tesla CEO has decreased from its personal assets since January 17 since January 17th around 113 billion US dollars or 25%.

Musk has played a key role in the administration of Trump, unofficially the Department of Government Efficiency (Doge), which is responsible for the equipment of the federal workforce and the financing of the Musk claims, is unofficially conducted. In the meantime, he continued to lead his companies – from Tesla to SpaceX – about the concerns regarding the investors that he distributed too thinly. But after the first 100 days of Trump in the White House, Musk has little to show up to show his efforts.

Tesla's share price has decreased by 33% before Trump has been inaugurated, and has been 41% since his record summit in December 2024. After the company reported a decline in sales of 13% in the first three months of the year, investors have repeatedly planned Musk against Musk to step back from Doge. Musk derives about 60% of his assets from the EV manufacturer.

“These are 100 days of destruction,” said Elaine Kamarck, director of the Center for Effective Public Management of Brooking's Institution in Washington, to Bloomberg. “Doge cuts muscles, not fat. Elon Musk takes a lot of the heat for Trump's decisions, and people have decided to hate Musk more than Trump.”

The white house and Tesla did not react AssetsInquiries for comments.

Musk's term as a “special government agent” in Trump's administration, which stood in 30 days, was shaped by controversy. Although the advice was originally presented to save 2 trillion dollars of government fraud, waste and abuse, she claims to have saved only 160 billion US dollars, which some experts claim that it is still an exaggeration. In the meantime, the budget laboratory from the University of Yale will actually cost Doge distortions from Doge in the Internal Revenue Service, while some economists fear reducing cuts in the private sector contracts to threaten small companies and the labor market.

Doge did not manage to win most Americans' trust. After an April Washington Post–ABC News Ipsos survey, 57% of Americans disapproved of how Musk dealt with Doge, compared to 49% in February.