elunmusk

As of now in March 2024, Elon Musk has faced significant losses in his wealth due to the decline in stock prices of his companies, especially **Tesla** and **X (formerly Twitter)**.

### **Main Reasons for the Losses:**
1. **Decline in Tesla Stock**:
- Tesla stock (TSLA) decreased by about **~12%** in March (as of March 29, 2024).
- Since the beginning of 2024, the stock has lost more than **~30%** due to concerns over demand for electric vehicles and increasing competition.