Elon Musk looked emotional after being asked about his other businesses in a recent interview with Fox Business following the biggest drop in Tesla stock since 2020.

He might be the richest man in the world, but if Elon Musk keeps losing money at the rate he is, it might not be that way for much longer. Although Forbes’ live billionaire list puts Musk at over $100 billion richer than Jeff Bezos in second place, his net worth has tumbled ever since President Donald Trump stepped into the White House.

While Trump’s victory over Kamala Harris saw the world’s richest get richer, it seems it was only a temporary boost for Mr. Musk.

By embedding himself in the White House and taking a new role as the head of the Department of Government Efficiency, Musk has become more divisive than ever. Crashing Tesla stocks have led to Musk being $116 billion poorer than his peak wealth, with concerns about what happens next.

Musk had $29 billion wiped off his net worth in a single day (Bloomberg / Contributor / Getty)

Speaking to Fox Business in the aftermath of losing $18 billion in a single day, a visibly deflated Musk got candid about his current financial situation.

When asked about how he’s running his other business, Musk is lost for words and says: “With great difficulty.”

Fox’s Larry Kudlow asks whether there’s any turning back now, with Musk adding: “I’m just here trying to make the government more efficient, eliminate waste and fraud. So far, we’re making good progress.”

The mention of his other business ventures losing more money than usual has clearly struck a chord with Musk, but for now, there’s no sign of him stepping back from the DOGE.

According to Business Insider, the financials could be even worse. The site points to the Bloomberg Billionaires Index and claims Musk’s net worth dipped to $301 billion on Monday evening (March 10). Considering he was worth $330 billion on March 9, it’s a jaw-dropping $29 billion in a single day – marking a 6.7% total drop.

It was apparently triggered by Tesla‘s stock dropping by 15% on March 10, giving it the biggest single-day drop since September 2020.

Looking at the bigger picture, Tesla stock is down 55% from its December 2024 peak, while Musk’s net worth is down by $132 billion (30%) in 2025.

We’ve seen Tesla cars and facilities attacked by angry people, while some Tesla owners have even taken to defacing their own vehicles.

There wasn’t much sympathy for Musk’s latest loss, with one person responding to the clip of him, writing: “‘All his businesses?’ Nah! He’s just throwing one business—that’s publicly traded—under the bus! The rest of his businesses remain insulated and are still flourishing—being granted billions of dollars in government contracts.”

Another joked: “He did Nazi that coming.”

Someone else concluded: “A rare moment of reality as he begins to suspect that most people actually hate him. It won’t last though, it never does. The delusions will be back in full swing soon enough.”

For now, Musk is continuing his endeavours to trim the fat from federal spending as the POTUS’ very own ‘First Buddy’.

Elon Musk has come under fire by posting his version of events after more than 20 civil service employees resigned from the Department of Government Efficiency, otherwise known a DOGE, in a single day.

The newly established DOGE, with Elon Musk at its head, has dominated much of the first month of Donald Trump’s return to US presidency, as it has been the driving force behind many of the high-profile federal cuts that have been made.

Having initially pledged a staggering figure of $2,000,000,000,000 to be cut from the federal budget, Musk’s DOGE has targeted a number of key US government departments in an effort to ‘save’ money by any means and make the country more ‘efficient’.

Musk’s cut-heavy DOGE has been landed a heavy blow with mass resignations (Andrew Harnik/Getty Images)

This has affected departments such as Veteran Affairs, Defense, Health, and Human Services, alongside National Parks which have been the site of protests in recent days.

While Musk recently was criticized for sending a potentially illegal government-wide email asking over 100,000 federal employees to explain what they did in the last week or risk being fired, he’s been on the receiving end of resignations within his own camp.

Over 20 civil service staff that were redeployed to the Department of Government Efficiency all resigned on the same day, releasing a letter explaining their actions to the public.

“We swore to serve the American people and uphold our oath to the Constitution across presidential administrations,” the letter reads. “However, it has become clear that we can no longer honor those commitments.”

Much has been said about Elon Musk’s relatively young DOGE workforce, which include ‘prodigy’ Luke Farritor, and Musk himself revealed that key staff within the advisory agency have been working 120-hour weeks across all seven days, to the point where they require sleep pods within the office.

Musk, however, pushed back against the mass resignation, offering a ‘brutal’ response on X to the news:

“More fake news from Associated Propaganda,” Musk claimed in reply to a post from The Associated Press. “These were Dem political holdovers who refused to return to the office. They would have been fired had they not resigned.”

While it is true that many of those that resigned joined the government during the Obama administration, Musk’s statement doesn’t address the nature of their resignation and what it means for staffers that likely continued to work throughout Trump’s first term as president.

This has led to major backlash on social media, with one user breaking down the issues with Musk’s ‘fiery’ statement:

“1: Cries fake news but doesn’t disprove any claims (does not deny their resignation or their reasoning). 2: Claims his own department had holdovers when it was created recently. 3: Reinforces that it’s not fake by confirming that they quit.”

Another added: “That’s called resigning. See, cause they resigned against your dumb policy, and in protest to what you said, they don’t want to work for you, so they resigned.”

Given the gung-ho nature of DOGE’s cuts already some are questioning why, if Musk’s claims that they would have been ‘fired anyway’, this hadn’t already happened.

“Unless it fits your narrative, you lie,” argues one reply. “‘Dem political holdovers’ & ‘would have been fired’. You have no authority and you’re the captain of a sinking ship.”

While White House press secretary Karoline Leavitt has dismissed concerns over the mass resignation, claiming that anyone who thinks that this would bother Trump has been “sleeping under a rock,” it does raise worries among many that Musk is ‘losing control’ of his governmental pet project.

Elon Musk has called for financial restrictions as the key to ending conflict between Ukraine and Russia ‘immediately’, designating these drastic measures as the ‘key to the puzzle’.

It has been over three years since Russia first invaded Ukraine in February 2022, and while the United States remained significant backers of the latter during the Biden administration, current US President Donald Trump has seemingly pushed back against this support.

In the few months after he has officially returned to office, President Trump has called Ukrainian president Volodymyr Zelenskyy a ‘dictator’ that ‘should have never started’ the war against Russia.

President Zelenskyy and Ukraine have been heavily criticized by the Trump administration (Andrew Harnik/Getty Images)

Republican commentators have criticized Zelenskyy’s outfit choices, and have become laser-focused on Ukraine’s ‘need’ for an election. Additionally, the White House has also pressured Ukraine to accept key mineral demands in exchange for support, alongside a $500 billion request that has now been dropped.

Elon Musk has also repeatedly weighed in on the apparent clash between Zelenskyy and Trump, branding the former ‘evil’ for pushing a ‘forever war’, yet the richest man in the world has now proposed a new idea that he claims will end the conflict ‘immediately’, as per the Daily Mail.

In response to Utah Senator Mike Lee’s demand that ‘not another penny’ should go to Ukraine, Musk suggested a new tactic:

“Place sanctions on the top 10 Ukrainian oligarchs, especially the ones with mansions in Monaco, and this will stop immediately. That is the key to the puzzle.”

This is similar to measures that were taken against various Russian oligarchs in response to Putin’s ordered invasion of Ukraine in 2022, as many were reported to have links to the President of Russia.

Musk then received criticism from some of his followers following this suggestion, with one remarking: “You got to stop pretending that Putin isn’t the aggressor. Ukraine is the victim. Knock it off with the nonsense. You seem focused on only criticizing Ukraine but not Putin for some reason.”

He then offered his own rebuttal, bizarrely claiming that he “challenged Putin to one on one physical combat over Ukraine,” and adding that Ukraine’s “entire front line would collapse” if he disabled the support of Starlink, which some have claimed to be ‘hostage diplomacy’.

“What I am sickened by is years of slaughter in a stalemate that Ukraine will inevitably lose,” Musk explained. “Anyone who really cares, really thinks and really understands wants the meat grinder to stop. PEACE NOW!!”

Replies to his post then indicated that it should be Ukraine, as a victim of Russia’s aggression, that should dictate the end of the conflict – ideally with the support of the United States.

“If you truly cared about peace, you wouldn’t be threatening to cut off Ukraine – you’d be demanding that Russia stops invading sovereign nations. Instead, you’re playing both sides while pretending to be a savior,” wrote one frustrated user.

Musk has also urged the US government to withdraw from NATO following Zelenskyy’s clash with Trump, indicating that he’s on board with the desire to withdraw America’s support from Ukraine in an ‘unprecedented’ move.