Tesla had its worst year in more than a decade, reporting a 1.1% year-over-year sales loss for 2024.

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.