‘Devastated’ Elon Musk reacts after the billionaire lost $29,000,000,000 in one day

Elon Musk lost $29 billion in a day due to a 15% drop in Tesla’s stock, triggered by rising competition, economic uncertainty, and Musk’s political ties, including his role in the controversial Department of Government Efficiency (DOGE). Tesla’s February sales in China fell nearly 50%, eroding investor confidence. Despite the setback, Musk’s net worth remains $301 billion, keeping him the world’s richest. Tesla faces challenges in regaining trust, particularly in China, and staying competitive in the EV market. Musk’s next moves will be critical to overcoming these hurdles.