Musk's wealth evaporates by $15 billion, Wall Street warns him to stay away from Washington

after Musk threatened to establish the third political party "American Party" in the United States over the weekend, Tesla (TSLA.O) stock plummeted nearly 7% on Monday, causing the net worth of the world's richest man to evaporate by about $15 billion in one day. Investors are worried that his company may lose federal subsidies due to conflicts with Trump, leading to more obstacles.

According to Forbes' estimates, with the decline in Tesla's market value, Musk's personal wealth is currently $391 billion, lower than the previous day's $405 billion. Despite the decrease, he still maintains a lead of over $100 billion compared to the second richest person.