Tesla shares fell 5%, Elon Musk lost most money.

Tesla’s shares fell by 5% following the announcement of tariffs, leading Elon Musk to experience the largest loss among billionaires, with a reduction in wealth of $11.8 billion. President Trump’s tariff measures are affecting Tesla’s operations, which depend on a global supply chain. In addition to Tesla, other companies with significant revenue from China also suffered losses. The introduction of tariffs on Chinese electric vehicles negatively impacted the market. Despite the tariffs, Tesla’s shares maintained a growth from