Elon Musk’s position as the wealthiest person in the world is at no risk of change.
However, since mid-December, Tech Titan’s net worth has fallen by more than $100 billion. This is down about 25% as the sale of his electric car maker Tesla has accelerated in recent weeks.
On Tuesday, the stock closed another 8% to $302.80, with a 25% discount annually. The latest drawdown shows new Tesla vehicle registrations, which are plunging in Europe, are down 45% year-on-year in January. Sales in China have also become a trend recently.
Some reports suggest that European buyers are rebelling against masks’ active role in the Trump administration. This is effectively resetting years of European relations.
And investors could be simply trapped in the extraordinary profits of the past year or so. Even with recent drop-offs, stock prices have risen by 52% over the past 12 months.
On Tuesday, Gary Black, managing partner of Future Fund Investment Group, said Tesla’s stock could fall further, given the apparent revision of the recent Tesla Corporate Management Guidance on 2025 distribution. I’ve said that.
Musk, along with his alliance with President Donald Trump and his ostensible leadership in government efficiency in the Trump administration, took on an unprecedented and highly controversial role in American society. Masks also lead the SpaceX. Social Media Platform X; Xai Artificial Intelligence Company. and Neuralink, a company exploring brain chip implants.
However, Tesla investors have become accustomed to the multiple responsibilities of masks. In fact, they continue to value Tesla stocks because they view Musk as a capable person.
To that point, some investors say Tesla’s recent stock reversal may not bear it in the long term. The company plans to deploy Robotaxis services later this year and continues to roll out new models to adapt to driver preferences for shifts. It also announces autonomous driving technology in China.
“We believe Tesla’s excellent products, new affordable vehicles, are a new form factor and will expand Tesla’s gross addressable market. The promise of unsupervised autonomy sells more Teslas “Black wrote on X over the weekend.
