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

According to a report by Golden Ten, Tesla's (TSLA. O) stock price plummeted nearly 7% on Monday after Musk threatened to establish the third political party in the United States, the "American Party," over the weekend. The world's richest man's net worth evaporated by about $15 billion in one day. Investors are concerned that their company may lose federal subsidies due to conflicts with Trump and face further obstacles. According to Forbes' estimation, with Tesla's market value declining, Musk's personal wealth is currently $391 billion, lower than the previous day's $405 billion. Despite some decline, he still maintains a lead of over $100 billion compared to the second richest person. Since Trump took office in January this year, Tesla's stock price has cumulatively fallen by 31%. Although the 'American Party' may still influence the political dynamics of the United States, its direct impact on investor sentiment is undoubtedly negative. At present, market information is clear: stakeholders prefer the world's richest man to avoid Capitol Hill and refocus his attention on the factory floor.