Elon Musk’s nearly $97 billion bid for OpenAI raises alarms among Tesla shareholders. Tesla’s stock dropped more than 6% on Tuesday after a tough year where automotive revenue fell for the first time.

Musk's portfolio, from electric cars to space exploration, and his role in the government, raises questions of potential inside advantages.

After reaching a net worth of more than $486 billion in December, Elon Musk’s wealth has sunk below $400 billion for the first time in 2025. Tesla—where Musk derives about 60% of his wealth—has had an abysmal year.