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Elon Musk's Wealth Plummets Amid Tesla Stock Decline, Challenged by AI-Driven Rivals
August 5, 2025 — BlockBeats
Elon Musk, once firmly at the top of the world’s wealth rankings, is facing a sharp downturn in his net worth amid declining Tesla performance and increasing competition from tech titans riding the AI wave.
According to the Bloomberg Billionaires Index, Musk’s fortune has dropped by more than $75 billion this year alone, bringing his estimated net worth down to approximately $357 billion—a steep decline from its $450+ billion peak at the end of 2024.
The downturn is largely attributed to the nearly 20% drop in Tesla’s stock, in which Musk holds a 13% stake. Investors have grown increasingly concerned about Tesla’s slowing growth, intensified EV market competition, and Musk's divided focus across ventures including X (formerly Twitter), Neuralink, and SpaceX.
Compounding the pressure is Musk’s controversial leadership role as head of the self-styled "Department of Government Efficiency", which critics argue has created distractions and regulatory risks that may be weighing on investor sentiment.
Meanwhile, competitors such as Oracle founder Larry Ellison and Meta CEO Mark Zuckerberg are gaining ground. Oracle’s stock has soared over 50% in 2025, thanks to aggressive growth in AI infrastructure and cloud computing, significantly boosting Ellison’s wealth.
The wealth gap between Musk and Ellison has now narrowed to just $54 billion, raising the possibility that Musk may lose his title as the world’s richest person if current trends persist through the remainder of the year.
As AI continues to reshape the tech and financial landscape, market watchers are closely tracking whether Musk can regain momentum—or if a new leader in global wealth is on the horizon.
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