Tesla stock has plunged by over 50% since December, a dramatic collapse that has stunned shareholders and analysts alike. In mid-December 2024, Tesla traded near an all-time high of around $480 per share; by early March 2025, it had sunk to roughly $220. This wipeout erased over $800 billion in market value, the steepest drop Tesla has seen in years. Even Elon Musk’s Tesla shares have not been spared — Musk’s net worth has tumbled by more than $100 billion during the crash. Tesla Stock Plummets: What’s Going On? Tesla’s stock fell sharply after December’s peak, entering a seven-week losing streak through early 2025. On March 10, TSLA plunged 15% in a single day – its worst one-day drop since 2020 – after an investment bank slashed its delivery forecasts and broader market fears spooked investors, according to Forbes. By then, Tesla shares were down over 55% from their mid-December high. To put the collapse in perspective, more than $800 billion in market capitalization has been wiped out – a sum roughly equal to the entire GDP of Poland, as Ian King of Sky News noted. This Tesla stock price drop has made it the worst-performing major tech stock of the period and raised pressing questions: What does this mean for investors? Tesla Stock Impact On Investors: Portfolio Pain And Potential Wake-Up Call For shareholders, the crash of Tesla stock has been punishing. Investors who are heavily concentrated in TSLA have seen their portfolios take a significant hit. For example, a portfolio with 50% in Tesla stock would have lost roughly 25% of its total value in just a few months due to the plunge. Even index funds and ETFs felt the jolt since Tesla is a significant component of major indices — though diversified funds softened the blow compared to holding Tesla alone. The most extreme case is Elon Musk himself: as the largest Tesla shareholder, Musk’s stake plummeted in value, shrinking his fortune by an estimated $130-plus billion year-to-date, noted Forbes. While few investors are in Musk’s shoes, many retail traders and institutional funds with outsized Tesla positions have experienced significant losses on paper. Beyond the dollar figures, the psychological impact on investors is real. Tesla has long been a high-volatility stock, but a 50% implosion over a short period tests even the most steadfast believers. Those who bought in at the peak or added heavily during the post-election rally are now deeply underwater. Some loyal Tesla bulls are treating the drop as a temporary setback (or even a buying opportunity), while more cautious investors are rethinking their exposure. In online forums, you can find sobering anecdotes — for instance, one user lamented on Reddit that his 58-year-old father put his entire 401(k) into Tesla stock, a concentration that proved devastating in this crash.
Donald Trump said he is buying a “brand new Tesla” and blamed “Radical Left Lunatics” for “illegally” boycotting Elon Musk’s electric vehicle company. The announcement came a day after Tesla suffered its worst share price fall in nearly five years. Later, the president also said he would label violence against Tesla showrooms as domestic terrorism. Trump was responding to a question during a Tuesday press conference, in which a reporter said, “Talk to us about some of the violence that’s been going on around the country at Tesla dealerships. Some say they should be labeled domestic terrorists.” “I will do that. I’ll do that,” Trump said. “I’m going to put a stop to it. Because they’re harming a great American company.” Trump spoke on the White House driveway, alongside Musk and Musk’s young son. Several Tesla vehicleswere parked in the driveway for Trump to pick which vehicle to buy. In August 2024, a podcaster gifted Trump a Cybertruck. On Tuesday, Trump selected a red Model S, which he said he would pay for by check. “Elon Musk is ‘putting it on the line’ in order to help our Nation, and he is doing a FANTASTIC JOB! But the Radical Left Lunatics, as they often do, are trying to illegally and collusively boycott Tesla, one of the World’s great automakers, and Elon’s ‘baby,’ in order to attack and do harm to Elon, and everything he stands for,” Trump posted on Truth Social on Tuesday morning. During the press conference, Trump reiterated these statements saying: “We already know who some of them are. We’re going to catch them, and they’re bad guys.” Tesla’s shares fell sharply on Monday as markets reacted to the threat of a recession and Trump’s tariff plans. Tesla’s slide came amid widespread protests over the billionaire Musk’s influence in the federal government at Tesla dealerships, a boycott campaign, car owners selling their Tesla vehicles, and activists pushing members of the public to sell Tesla shares. “In any event, I’m going to buy a brand new Tesla tomorrow morning as a show of confidence and support for Elon Musk, a truly great American. Why should he be punished for putting his tremendous skills to work in order to help MAKE AMERICA GREAT AGAIN???” Trump’s claim the boycott is “illegal” is false. The supreme court ruled in 1972 that the first amendment of the US constitution protects Americans’ right to protest against private businesses. The group TeslaTakedown, which has been organizing the anti-Tesla protests nationwide, says people also have the right to protest peacefully on the sidewalks and streets in front of the company’s showrooms. “Peaceful protest on public property is not domestic terrorism,” the group said in a statement. “We will not be bullied or allow our rights to be trampled on or stolen.” Musk’s net worth decreased by $29bn yesterday alone, and has fallen by $132bn over the past 12 months, as Tesla shares’ gains have been wiped out. Tesla shares have declined every week since Trump took office, declining 15% on Monday alone. He remains the richest man in the world with a fortune of more than $320bn, according to Forbes. Tesla’s board members, including Musk’s brother Kimbal Musk, have offloaded millions of dollars worth of shares in recent months. Tesla vehicle sales abroad have also dropped significantly, including by 76.3% in Germany in February 2025 compared with February 2024. The boycott has emerged as Musk’s so-called “department of government efficiency” (Doge) has wreaked havoc throughout the federal government in a proclaimed effort to reduce federal spending. The access and actions by Musk and his team have incited concerns over the lack of transparency, false claims about cancelled contracts and grants and the amount of savings made.
I support The US needs to be punished badly. The renowned German classical violinist Christian Tetzlaff was blunt in explaining why he and his quartet have cancelled a summer tour of the US. “There seems to be a quietness or denial about what’s going on,” Tetzlaff said, describing his horror at the authoritarian polices of Donald Trump and the response of US elites to the country’s growing democratic crisis. “I feel utter anger. I cannot go on with this feeling inside. I cannot just go and play a tour of beautiful concerts.” Tetzlaff is not alone in acting on his disquiet. A growing international move to boycott the US is spreading from Scandinavia to Canada to the UK and beyond as consumers turn against US goods. Most prominent so far has been the rejection by European car buyers of the Teslas produced by Elon Musk, now a prominent figure in Trump’s administration as the head of the “department of government efficiency” a special group created by Trump that has contributed to the precipitous declines in Tesla’s share price. About 15% of its value was wiped out on Monday alone. The fall in Tesla sales in Europe has been well documented, as has a Canadian consumer boycott in response to trade tariffs and Trump’s calls for Canada to become America’s 51st state, but the past week has seen daily reports of cultural and other forms of boycotts and disinvestment. In Canada, where the American national anthem has been booed during hockey matches with US teams, a slew of apps has emerged with names such as “buy beaver”, “maple scan” and “is this Canadian” to allow shoppers to scan QR barcodes and reject US produce from alcohol to pizza toppings. Figures released this week suggested the number of Canadians taking road trips to the US – representing the majority of Canadians who normally visit – had dropped by 23% compared with February 2024, according to Statistics Canada. While Canada and Mexico have been at the frontline of Trump’s trade war, the boycott movement is visible far beyond countries whose economies have been targeted. In Sweden, about 40,000 users have joined a Facebook group calling for a boycott of US companies – ironically including Facebook itself – which features alternatives to US consumer products. “I’ll replace as many American goods as I can and if many do so, it will clearly affect the supply in stores,” wrote one member of the group. In Denmark, where there has been widespread anger over Trump’s threat to bring the autonomous territory of Greenland under US control, the largest grocery company, the Salling group, has said it will tag European-made goods with a black star to allow consumers to choose them over products made in the US. “We are making it easier to shop for European brands,” its chief executive, Anders Hagh, wrote on LinkedIn, although he said the company would still stock US products. More striking, perhaps, is the decision by companies to cut ties with the US. Norway’s largest oil bunkering operation, the privately owned Haltbakk, recently announced a boycott of its occasional supplying of fuel to US navy ships. Referring to the fiery meeting in the White House between Volodymyr Zelenskyy and Trump last month, the company posted on Facebook: “We have today been witnesses to the biggest shit show ever presented “live on TV” by the current American president and his vice-president. “Huge credit to the president of Ukraine restraining himself and for keeping calm even though USA put on a backstabbing TV show. It made us sick. “As a result, we have decided to [immediately] STOP as fuel provider to American forces in Norway and their ships calling Norwegian ports … We encourage all Norwegians and Europeans to follow our example.” While boycotts have been a familiar tactic in the past – targeting apartheid South Africa and the Israeli occupation of Palestinian territories – what is striking is how quickly the second Trump administration has become a target for both consumer anger and ethically minded companies. Trump this week has commented on the issue for the first time, bemoaning the impact of the Tesla customer boycott and demonstrations. He wrote on social media: “To Republicans, Conservatives, and all great Americans, Elon Musk is putting it ‘on the line’ in order to help our Nation, and he is doing a FANTASTIC JOB!” But the Radical Left Lunatics, as they so often do, are trying to illegally and collusively [sic] boycott Tesla, one of the World’s great automakers and Elon’s baby.” Elisabeth Braw, a senior fellow at the Atlantic Council, wrote for the Centre for European Policy Analysis this week: “Nobody – nobody – would have thought that western businesses or consumers would use such tools against America. “The United States is, after all, the leader of the free world. Or was: its vote with Russia, against Ukraine, at the United Nations last month, combined with Trump’s and Vance’s verbal attack on Zelenskyy, along with Trump’s denunciation of Zelenskyy as a dictator and a refusal to use similar language about the Russian despot, suggests to many that America is no longer an instinctive member of what we term the west.” For some, the backlash was entirely predictable. When Trump first threatened to impose sweeping tariffs this year, Takeshi Niinami, the chief executive of the Japanese multinational brewing and distilling group Suntory Holdings, which owns several major US brands, told the Financial Times international consumers were likely to shun American brands in the event of a trade war. “We laid out the strategic and budget plan for 2025 expecting that American products, including American whiskey, will be less accepted by those countries outside of the US because of first, tariffs and, second, emotion,” Niinami said. And it is likely to spread further still. Zoe Gardner, an organiser of the Stop Trump Coalition in the UK, is seeing rapidly increasing interest in the issue. “A lot of what we are seeing is coming about organically, people putting stuff on TikTok. People are so furious, and this is about taking back power. Already across Europe we are seeing sales of Tesla falling of a cliff because Musk encapsulates so much of the problem with the Trump administration, both its culture of horrible racism and the economic side.”
Billionaires were getting $10 billion richer every day in January. Just one month later, Elon Musk, Jeff Bezos, Larry Ellison, and Mark Zuckerberg have lost a combined total of $138 billion. This January felt like the honeymoon period for billionaires, who saw their wealth surge by $10 billion every day. One month later, the daydream is over, and their net worth is tanking. Throughout the month of January, it’s estimated that the world’s richest people saw their fortune swell by $314 billion—a figure that’s about the collective salary of 15 million workers. But for many billionaire businessmen, from Elon Musk and Mark Zuckerberg to Jeff Bezos and Larry Ellison, that high didn’t last. Their gains are already slipping away. The Bloomberg Billionaire Index is heaving with numbers in the negatives—all of the world’s richest technology, consumer, and industrial leaders are being hit hard. At the beginning of February, Musk’s net worth rested around $433 billion; today, that number is $349 billion. Meta CEO Zuckerberg slipped from $243 billion to $232 billion in the same time period, and Larry Ellison lost about $9 billion. Tech billionaires in particular—who make up many of the world’s richest people—are watching their wealth take a tumble. It follows DeepSeek's breakout success. The Chinese tech underdog rocked the market, startling competitors like Meta and spurring praise from Nvidia CEO Jensen Huang. DeepSeek’s revolutionary, low-cost R1 model has wiped billions off the stock market.
https://www.newsweek.com/donald-tru...-wiped-off-fortune-tmtg-shares-tumble-2042963 President Donald Trump's net worth has tumbled from $7 billion on January 13 to $4.6 billion on Monday, according to Forbes, coinciding with a dramatic fall in the value of Trump Media & Technology Group (TMTG) stock.
Elon is paying Trump 100 million for his Tesla commercial yesterday. https://youtube.com/shorts/Eu8X5o9SykE?si=L6wJgEdM7ImvLSL8