Outlook Business Desk
Elon Musk headed the Department of Government Efficiency (DOGE) designed to reduce the US government's spending. Musk informed that his "scheduled time" as a special government employee ended in May 2025.
Musk faced opposition from political leaders over his plans, causing disagreements that made progress difficult. He left the job early, which, along with market reactions, led to a significant drop in Tesla, SpaceX and his overall net worth.
Tesla’s stock dropped 45% from its December 2024 peak, heavily impacting Musk’s net worth. The decline reflected market volatility and uncertainty linked to his DOGE involvement and other factors.
Musk’s net worth fell from $464bn in December 2024 to about $342.4 bn in March 2025 — a loss of roughly $121 bn, largely due to Tesla’s stock decline during his DOGE leadership.
Though Musk’s DOGE position was unpaid, his financial loss came from Tesla’s market performance. The 45% stock drop slashed his wealth, showing the indirect cost of his government role.
Musk’s focus on DOGE slowed attention on Tesla and SpaceX, contributing to investor concerns. The reduced confidence reflected in stock prices added to his financial setbacks.
Elon Musk’s 79% Twitter stake, bought for $44 Bn, has dropped to just $8 bn after a 69% value fall. His Tesla and SpaceX stakes remain strong, while xAI is now valued at $50 Bn. Neuralink and Boring Co are worth $2.07 bn and $5.7 bn.
Despite challenges during his role at DOGE, Elon Musk’s diverse investments have kept him the world’s richest person. Now stepping down, he’s expected to refocus on his core businesses.