Elon Musk is no longer a trillionaire after his net worth fell below the $1,000 billion threshold. According to reports from The Times, his fortune has decreased to approximately $962 billion. This financial decline was driven by a significant drop in the value of SpaceX shares. Additionally, new restrictions placed on a package of Tesla shares held by the billionaire contributed to the loss. These combined factors removed him from the exclusive group of individuals with a trillion-dollar valuation. The shift highlights the volatility of his wealth tied to his primary companies.