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TESLA'S TUMBLE - Is Elon Musk Losing Control Or Planning his Next Power Move?
After peaking at $479.86 in December 2024, Tesla’s stock has plunged nearly 42%, now hovering around $238 and some analysts warn it could drop another 30%.
Elon Musk’s political ties to Trump have sparked backlash, with some Tesla owners even selling their cars out of embarrassment. Yet, Musk’s other ventures are thriving — xAI’s valuation soared 110% post-election.
With Tesla’s stock sliding and Musk’s reputation on the line, is this a temporary setback or a sign of deeper trouble ahead?