Elon Musk’s net worth drops by $120 billion as Tesla faces challenges; resilience and political role under scrutiny.

Elon Musk, the billionaire entrepreneur, has seen a substantial decrease of $120 billion in his net worth attributed to the dwindling share price of Tesla and mounting political examination. The decline in consumer interest and the rise of competitors in the electric vehicle (EV) market have contributed to this financial downturn. Nonetheless, Musk’s history of bouncing back from challenges indicates a possibility of overcoming these setbacks. Yet, concerns have been raised about his dedication to Tesla’s revival amidst his involvement in political matters. This development comes as a significant shift in the landscape of the EV industry in India.

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