Elon Musk is facing significant challenges as Tesla’s stock has dropped by more than 50%, leading to major financial losses. Musk’s net worth fell nearly $9 billion in a single week, as the stock declined 6%, bringing his fortune from $464 billion in December to around $342.8 billion. Tesla’s stock has plummeted from nearly $480 per share in mid-December to about $220 in early March 2025, losing over $800 billion in market capitalization. This decline comes during Musk’s active role as head of the Department of Government Efficiency (DOGE), where he is focused on reducing taxpayer expenditures and cutting the federal workforce. Additionally, the global decline in electric vehicle sales is adding to the strain on Tesla.In response, Musk’s ally, former President Donald Trump, has shown strong support. On March 10, Trump defended Musk on Truth Social, accusing “Radical Left Lunatics” of trying to undermine him and Tesla. Trump, who previously criticized electric vehicles, announced he would buy a new Tesla to demonstrate his confidence in Musk. On March 11, Trump even transformed the White House into a Tesla showroom, showcasing various models and reiterating his support for Musk’s efforts to help “Make America Great Again.”
Related Posts
OFF THE RECORD My Autistic Brother Had Never Spoken—Until The Day He Left Me In Tears
I had just spent five minutes in the shower. I thought I had ample time to wash my hair before the next outburst because the baby had…
I got pregnant when I was in Grade 10. My parents looked at me coldly and said, “You brought shame to this family. From now on, we are no longer our children.”
I became pregnant when I was in tenth grade. The moment I saw the two lines, my hands began to shake. I was terrified—so frightened I could…
My Newborn Was Screaming in the ER When a Man in a Rolex Said I Was Wasting Resources – Then the Doctor Burst Into the Room and Stunned Everyone
When I brought my newborn to the ER in the middle of the night, I was exhausted and scared. I didn’t expect the man sitting across from…
MY DAUGHTER-IN-LAW DEMANDED THE MONEY
Evelyn Hart had spent more than thirty years waking before sunrise to the smell of soil and hay, to the low, patient sounds of animals waiting to…
Unaware of a hidden inheritance
Gael Navarro had faced gunfire, explosions, and the kind of silence that follows a radio going dead in the dark, but nothing had ever hollowed him out…
A CHILD BUILT SNOWMEN ON HIS OWN LAWN WHILE
The night Nicolás Maduro was taken did not begin with explosions or public declarations, but with a silence so deliberate it felt unnatural. In the early hours…