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Elon Musk loses $240 billion as Tesla shares decline

Jun 23, 2026, 2:00 AM10
(Update: Jun 23, 2026, 2:00 AM)
business magnate and investor
American private aerospace company

Elon Musk loses $240 billion as Tesla shares decline

  • Elon Musk's net worth has decreased by $240 billion, dropping from $1.32 trillion to $1.08 trillion.
  • The decline is linked to a 6.6% drop in Tesla shares over the past month.
  • Despite the loss, Musk remains the wealthiest individual and has potential for future wealth growth through SpaceX.
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