Elon Musk’s net worth falls below $400 billion as Tesla stock plunges. Sales decline sharply in key markets, and investors remain uncertain, hoping for potential federal policy changes to aid Tesla’s recovery.

Trump has threatened to place a 25 percent tariff on imports from Canada and Mexico, as well as a 10 percent additional tariff on all imports from China. Energy resources from Canada will have a lower 10 percent tariff.

Elon Musk’s net worth fell below $400 billion for the first time in two months, dragged down by a double-digit slide in Tesla Inc.’s share price. The automaker’s stock has fallen 27% after hitting an all-time high in mid-December on hopes that Musk’s proximity to President Donald Trump would boost the company’s fortunes.