Tesla stock takes a hit; Musk loses $102 billion in two months

[struggle4progress]

Tesla, the electric vehicle giant that Musk built, has seen its stock price take a serious nosedive. Since much of Musk’s wealth is tied to Tesla’s stock, this downturn has drastically affected his fortune ...

Musk remains one of the richest people on Earth. However, he’s no longer at the top of the list, as his wealth has slipped ...

https://www.binance.com/en/square/post/21301062761354

[North Shore Chicago]

1. What a bleeping shame!

Couldn't have happened to a better humanoid.

[buzzycrumbhunger]

7. Humanoid?

You’re giving undue credit there… Goblin, maybe?

[North Shore Chicago]

14. Hah!

[Docreed2003]

2. 102 billion dollars...

Enough money to fund SNAP for a year...

[ProfessorGAC]

3. But, Inexplicably...

...it's still up a whopping 47 & 3/4% in the last year.
A P/E of 128, but 2 months ago it was 190.
I'm surprised other big holders aren't bailing out and taking profits.
His fortune is tied to TSLA that if it wasn't so overvalued we would have hardly ever heard about hom.
If that price was more connected to reality he wouldn't even in the top 10 richest list

[tonkatoy8888]

19. I never really understood this

Granted, I know nothing about finance or the automobile industry, but I always had a hard time wrapping my head around how Tesla, a low production manufacturer with a product beset by myriad safety and reliability issues was seen by "experts" as being more valuable that all of the other car companies combined.

I have read that it was all about the battery, but I thought, yeah Tesla was ahead of the game in that respect, but wait until the other big auto companies turn their attention to electric vehicles and that advantage will disappear pretty quickly.

[ProfessorGAC]

31. Plus, They Only Make Around 50% Of Their Batteries

I looked it up a bit ago, but I don't remember the exact number.
I do recall that over 70% of the batteries they purchase from suppliers are made in China, and no intellectual property is safe in China. I doubt there's anything special about that slice of the battery supply.
TSLA is still being analyzed & traded as a tech company despite over 80% of the revenues coming from the auto division.
I'm still fascinated by the disconnect, but I quit trying to make sense of it.

[Disaffected]

40. A lot of it is tied to his never-ending hype about

"Full Self Driving". A couple of years ago he was claiming his driverless vehicles would soon be the norm (which, if it were, would be immensely valuable) but Tesla today is no-where close to that level and progress is slowing dramatically.

I expect that will continue for the foreseeable future and the Tesla stock holders will eventually realize they have been conned.

I think the same could be attributed to all the AI hype floating around today....

[Trueblue1968]

4. I want MuskOx to lose it all. Lose every penny. Be a destitute POS, living on the street

[Maraya1969]

11. Yea, but I don't want his kids to suffer I would love it

if people started protesting about how just part of his fortune could raise a certain % from poverty and keep them away from hunger but how he would rather play around with rockets

That would be a good protest sign. His playing around with space ships, compared to hungry children that he could be helping

[Harker]

36. Brings this poem to mind...

?si=rXTw2DmPGMDvOjRB

[Ms. Toad]

37. With Daddy with $200 billion, "his kids" have no reason to suffer.

That's still more than $14 million per kid.

[Dave Bowman]

28. And then deport his sorry ass.

[mr715]

5. What is that, 25% of the way?

Lose another 3 billion and he'll just be insanely wealthy?

[Lovie777]

6. No wonder he's raiding the US Treasury..................

[SammyWinstonJack]

8. Meh. Pocket change.

[oasis]

9. Down, down, down ya go!

[milestogo]

10. This is excellent.

Keep it up, jerko.

[edhopper]

12. It's still

Way, way over valued.
Should be less than half what it is now, at the most.

[LymphocyteLover]

25. and he should be kicked out as CEO

[cyclonefence]

13. Is Mark Zuckerberg now the richest?

The cited articled doesn't say, and Google still says it's Musk.

I'm just wondering who Trump's next BFF will be.

[wildflowergardener]

15. Dumb

Its really pretty dumb - alienating the people more likely to buy your cars initially

[LymphocyteLover]

26. Super dumb! Why is he still CEO???

[Norbert]

16. He should finish ruining Tesla

before he finishes off the United States.

[bronxiteforever]

17. More please

[Celerity]

18. That article makes a false claim.

It claims:

Where Does Musk Stand Now?

Despite the huge financial hit, Musk remains one of the richest people on Earth. However, he’s no longer at the top of the list, as his wealth has slipped, and the competition among the ultra-wealthy is getting tougher.

That is false, he still is top, and by a huge margin:

Forbes:

https://www.forbes.com/real-time-billionaires/#3a9f28583d78




Bloomberg:

https://www.bloomberg.com/billionaires/

[MIButterfly]

27. That is obscene that anyone should have that much money.

Just think of all the good that that much money could do in the world instead of being hoarded in the hands of the few.

[IronLionZion]

45. Think of the tax cuts they are getting from Musk destroying our country

[Turbineguy]

20. Look at the bright side.

For him it means he'll have less money to pay out when he gets hit with the 72.5 million plaintiff class-action suit.

[LiberalArkie]

21. It would be nice to shrink it so much that it could be drowned in a bath tub.

[Scrivener7]

22. If we stop using twitter, he'll lose more.

And we can be happy that we're not supporting A NAZI!!!

He's A NAZI!!

[LymphocyteLover]

23. Still-- we can do better!

[NotHardly]

24. Make it another 300 billion by June.

[LetMyPeopleVote]

29. Tesla's stock nosedives -- wiping out $700B in gains since Trump's election victory

This makes me smile

Link to tweet

https://nypost.com/2025/03/07/business/tesla-stock-drop-erases-700b-in-gains-since-trump-election/

Tesla’s stock continued its weeks-long nosedive on Friday as Elon Musk’s electric vehicle maker erased $700 billion in gains that had accumulated since the US presidential election.

Tesla’s shares had dropped by as much as 4.6% on Friday morning before recovering somewhat in the afternoon session — positioning them to wipe out the $700 billion surge they had enjoyed post-election.

Tesla’s stock has fallen by more than 28% in the last month. Since Jan. 1, the stock is down nearly 32%.....

Additionally, some investors fear that Musk’s increasing involvement in politics is diverting his focus from leading the company.

“The bet on Tesla’s shares soaring due to Musk’s political involvement has not worked out thus far,” Adam Sarhan, founder of 50 Park Investments, told Bloomberg News.

“Investors who initially anticipated massive benefits from Musk’s political involvement got too excited, and now cooler heads are prevailing.”

Tesla’s struggles are compounded by a challenging macroeconomic environment.

[live love laugh]

30. Best news I've heard in awhile.

[Martin Eden]

32. He'll make up for that by grifting off our government

But he was going to do that anyway.

[madville]

33. Still double what he was worth a year ago

He doesn’t care, even if Tesla shut down tomorrow he’s still worth over 150 billion just from his Space X ownership.

[Joinfortmill]

34. Keep up the good work!

[Evolve Dammit]

35. Want to see him with a tin cup. Arrogant POS. No One would mourn you FElon. You inserted yourself. n/t

[Ms. Toad]

38. It's odd that his coup isn't mentioned

* Slowing EV Demand – Competition from other automakers is increasing, and Tesla’s sales growth is starting to slow down. 🚗⚠️

* Price Cuts Backfire – To boost sales, Tesla slashed its car prices, but this move has hurt their profit margins. 🛠️💥

* Economic Woes – With high interest rates and market uncertainty, investors are dumping risky stocks like Tesla, fearing a recession. 📉💸

* Musk’s Distractions – Musk has been juggling multiple ventures, from SpaceX to X (Twitter) to his AI projects, which has some investors worried that he’s not giving Tesla enough attention. 🚀🐦

[Bengus81]

39. Close...but off by about 10B from it's high in Dec.

Last edited Sun Mar 9, 2025, 05:27 PM - Edit history (1)

The high for Tesla was on 12/18/24 at 488.54. The stock has never had a high at or over that amount since then. It closed at 262.38 on Friday.

The stock has lost $226.16 per share since 12/18/24 and Eloons loss with his 410,794,076 shares is $92.905 BILLION

Interesting to note too is that only encompasses 52 actual trading days (subtracting holidays too) since 12/18. That's a massive loss in that short of a time frame.

I place his worth in Tesla as of closing on Friday at $107.78 Billion. He tried some massive stock options or some such BS some time last year but shareholders revolted and filed a lawsuit and was awarded the return of over $900 million in stock,cash and the legal fees.


https://www.legaldive.com/news/tesla-board-will-return-more-than-900m-in-shareholder-settlement/736980/

[Charlie Chapulin]

41. I think you meant to say...

…the electric vehicle giant that Musk bought, not “built.”

[PortTack]

42. Happy dance 💃

[4catsmom]

43. this is a lot

but we can do better. continue the boycott!

[twodogsbarking]

44. You know what stock is worth twice; when you buy it and when you sell it. The rest is fantasy. But then again that

describes much of the market.

[mwooldri]

46. A good start.

Sometimes I really do want lower prices.

May this Trump regime keep bringing us lower TSLA stock prices.

[GiqueCee]

47. Oh, Waaaa!

Poor little psychopath. And this is only the beginning of your downfall, weaseldick!

[LAS14]

48. Makes me smile!!!! :-) nt

[Quanto Magnus]

49. He's not worried...

he'll get a 'bonus' for all of his 'work' with DOGE