The world's richest man, now firmly embedded in the Trump administration, has lost over $11 billion since the start of the year.

It’s hard to fault a CEO who grows a company beyond $1 trillion in value. Elon Musk managed the feat by upending the automotive market with Tesla’s electric vehicles and extended its lead with broader battery power.

A quick look at Elon Musk’s social media pages makes it clear that he’s more focused on his work in Washington D.C. than anything involving electric vehicles (EVs) or rockets. 💰💸 Don’t miss the move: SIGN UP for TheStreet’s FREE Daily newsletter 💰💸 Even as Tesla TSLA prepares to report its Q4 earnings and full-year guidance after market close Wednesday,

The Tesla CEO's net worth fell by around $4 billion yesterday, however, according to the Bloomberg Billionaire Index.

Tesla reported disappointing fourth-quarter earnings for 2024, with revenue of $25.7billion (£20.6billion) falling short of Wall Street analysts' predictions of $27.2billion (£21.8billion). The electric vehicle maker's shares dropped approximately four per cent in after-hours trading following the announcement on Wednesday.