Elon Musk's wealth evaporated by about $15 billion in one day.

PANews, July 8 - According to Jin10, after Musk threatened to establish a third political party in the U.S. called the “American Party” over the weekend, Tesla (TSLA.O) shares fell nearly 7% on Monday, resulting in a loss of about $15 billion in net worth for the world’s richest man in just one day. Investors are worried that his company might lose federal subsidies due to conflicts with Trump, leading to more obstacles. According to Forbes, as Tesla’s market capitalization declines, Musk’s personal wealth is currently $391 billion, down from $405 billion the previous day. Despite this decrease, he still maintains a lead of over $100 billion compared to the second richest individual. Since Trump took office in January this year, Tesla’s stock price has fallen a cumulative 31%. Although the “American Party” may still influence the political dynamics in the United States, its direct impact on investor sentiment is undoubtedly negative. Currently, the market information is very clear: stakeholders would prefer this world’s richest person to steer clear of Capitol Hill and refocus attention on factory floors.