Tesla lost more than one-third of its value in first quarter
Tesla lost more than one-third of its value in first quarter
The decline marks a sharp reversal from Tesla's market rally in the weeks following Election Day in November.
Summary
Tesla's stock fell 36% in Q1 2025, closing at $259.16, down from $403.84 at the end of 2024, making it one of the S&P 500’s worst performers.
The drop follows public backlash against Elon Musk's role in Trump’s cost-cutting DOGE initiative. Protests, vandalism, and a global “Tesla Takedown” campaign targeted Musk and Tesla.
Musk’s net worth dropped $121 billion.
Ongoing market volatility, tied to Trump’s new tariff plan launching April 2, is expected to further impact Tesla and broader markets.
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Musk’s net worth dropped $121 billion.
So... does this make him not the richest guy yet?