Elon Musk’s net worth fell below $400 billion for the first time in two months, dragged down by a double-digit slide in Tesla Inc.’s share price.

Elon Musk’s net worth fell below $400 billion for the first time in two months, dragged down by a double-digit slide in Tesla Inc.’s share price. The automaker’s stock has fallen 27% after hitting an all-time high in mid-December on hopes that Musk’s proximity to President Donald Trump would boost the company’s fortunes.

Elon Musk's net worth has fallen below $400 billion for the first time in two months, due to a decline in Tesla stock, according to Bloomberg. According to Bloomberg, Tesla shares have dropped 27% since reaching a historic high in mid-December,