Elon Musk's problems keep piling up as Tesla's value slides by $188B

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Elon Musk's problems keep piling up as Tesla's value slides by $188B
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It's not been the greatest start to the year for Elon Musk.The world's richest person has faced problems at Tesla, SpaceX and X, ranging from a tanking Tesla valuation to an X advertiser exodus.Here's a look at some of the hot potatoes Musk's been dealing with.After a stellar 2023, Tesla shares are down almost 23% since the start of the year as investors fret about China's fragile economy and a potential slowdown in global EV sales.

Instead, his pay is tied to the company's growth.The ruling in Delaware could threaten his title as the world's richest person, given that most of his wealth is tied to his equity in Tesla.Since the ruling, Musk has slammed Delaware as a place to do business and pledged to call a shareholder vote to transfer the EV maker's incorporation to Texas. And one of his other companies, SpaceX, has reportedly filed to relocate its business incorporation to the Lone Star state.

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