Particle.news
Download on the App Store
5 ARTICLES
·
last mo.

Elon Musk Faces $121 Billion Wealth Drop as Tesla Stock Plummets

Tesla's declining sales, global protests, and fallout from tariffs linked to Musk's government role are driving unprecedented financial losses.

Tesla is having a bad month as backlash against Elon Musk grows.
Elon Musk.
Image
Image

Overview

  • Elon Musk's net worth has fallen by $121 billion since December, now standing at approximately $343 billion, primarily due to Tesla's declining stock value.
  • Tesla shares have dropped 45% from their December peak, with the company's stock closing at its lowest level since Election Day after a 6% dip on Thursday.
  • The company's European market share has sharply declined, with February sales falling 76% in Germany, 26% in France, and 44% in Spain compared to the previous year.
  • Musk's role in the Trump administration, including overseeing controversial mass layoffs and supporting far-right political parties in Europe, has fueled backlash and protests targeting Tesla and its products.
  • New tariffs imposed by President Trump on Canada, China, and Mexico have further strained Tesla's operations, with the company's CFO warning of negative impacts on profitability due to reliance on global supply chains.