Musk’s net worth fell almost 4% as of midday Tuesday, dropping to almost exactly $100 billion below his all-time high of $464 billion.

Tesla's stock tumbled 8% on Tuesday, pushing its market value below $1 trillion for the first time since November after data showed the electric car maker's sales slumped in Europe in January.

KEY TAKEAWAYSTesla shares are extending this year’s declines, dropping more than 8% Tuesday, as the company recorded a 45% plunge in European EV registrations last month.The stock is now down around 25% in 2025 and has become the weakest performer in the Magnificent 7 so far this year.