The fortune of the magnate Elon Musk, considered the largest in the world, was drastically affected by the economic policies implemented by Donald Trump, particularly the tariffs on imports that negatively impacted the markets. Since the presidential elections in the U.S., Musk, CEO of Tesla, has seen his net worth decrease by 40%.
After Trump's re-election, Tesla's shares initially experienced a significant increase due to the expectation of profits thanks to the close relationship between Musk and the president. However, the protectionist measures of the Trump administration generated trade tensions that impacted investor confidence and the value of technology company shares, such as Tesla.
As a result, Tesla's sales in key markets such as Europe and China have decreased significantly, reaching a drop of 70% in Germany in the first two months of 2025. Musk's relationship with Trump and his involvement in government policies have generated criticism and affected the public perception of Tesla.
Despite the current challenges, some analysts maintain an optimistic view on Tesla's future, projecting that the introduction of an updated Model Y and the launch of a more affordable vehicle by the end of the year could revitalize sales and strengthen the company's market position.
Trump's trade policies, especially the imposition of tariffs on goods from countries like Canada, Mexico, and China, have generated uncertainty in the financial markets, which has had a negative impact on Tesla's shares. Musk's fortune, which reached a peak in December 2024 of nearly $490 billion, has decreased to around $307 billion as a result of the market decline, representing a 40% decrease.
