Tesla's share price experienced a steep decline of over 8% on Tuesday, causing its market capitalization to drop below the $1 trillion threshold, marking its lowest point since November 7. Year-to-date, Tesla's stock has plummeted by 25%, and it has declined by more than 35% compared to its record-high closing price on December 16, while the Nasdaq index has only witnessed a decline of 1.5% during the same period. Consequently, Tesla CEO Elon Musk's net worth has dwindled by over $52 billion this year. Despite this, he continues to hold the title of the world's richest person, although his fortune has been reduced to approximately $380 billion.