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Despite these accusations, it appears that Musk is experiencing significant financial challenges. His net worth has plummeted from over $400 billion at the beginning of the year to approximately $324 billion today—a staggering loss of nearly $103 billion. This downturn coincides with Tesla's struggles, including recent vandalism incidents, store closures, and a steady stock decline—factors that have contributed to a difficult landscape for the iconic automaker.
Tesla's stock price, once reaching a high of $440 per share, has seen a significant decrease, closing at $229 just last week. Observers wonder why Musk would willingly endure such losses if his intentions were as self-serving as critics claim.