• News
    • Tech News
    • AI
  • Gadgets
    • Apple
    • iPhone
  • Gaming
    • Playstation
    • Xbox
  • Science
    • News
    • Space
  • Streaming
    • Netflix
  • Vehicles
    • Car News
  • Social Media
    • WhatsApp
    • YouTube
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • LADbible
  • UNILAD
  • SPORTbible
  • GAMINGbible
  • Tyla
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Topics A-Z
  • Authors
Facebook
Instagram
X
TikTok
Snapchat
WhatsApp
Submit Your Content
Elon Musk loses over $1,000,000,000 in two months as Tesla is stripped of trillion dollar status

Home> News

Published 10:20 26 Feb 2025 GMT

Elon Musk loses over $1,000,000,000 in two months as Tesla is stripped of trillion dollar status

He's still filthy rich

Rebekah Jordan

Rebekah Jordan

Elon Musk takes a $100 billion hit as Tesla shares slide, stripping it of its trillion-dollar status.

The 53-year-old sits comfortably as the world’s richest person but things aren't looking as positive for his electric car company.

Since mid-December, the Tesla CEO's net worth has dropped by more than $100 billion as Tesla’s stock continues its downward spiral.

Advert

On Tuesday (25 February), Tesla shares fell another 8%, closing at $302.80, marking a 25% decline so far this year.

The data shows Tesla’s vehicle registrations in Europe plummeted by 45% in January compared to the previous year, even as overall EV sales on the continent increased. Additionally, sales in China seem to show a downward trend.

Some analysts believe European buyers are turning away from Tesla due to Musk’s deep involvement in the Trump administration, which is currently straining US-Europe relations.

Andrew Harnik / Staff / Getty
Andrew Harnik / Staff / Getty

Advert

Others are saying investors are cashing out after Tesla’s massive gains over the past year. Despite the recent slump, the stock has increased 52% in the last 12 months. Gary Black, managing partner at The Future Fund investment group, warned that Tesla shares could slide even further this year given the company's direction on 2025 vehicle deliveries.

Musk’s influence stretches far beyond Tesla - he also leads SpaceX, X (formerly Twitter), Neuralink, and AI company xAI, not to mention his controversial role in the Trump administration’s Department of Government Efficiency.

But Tesla investors have long accepted Musk’s multiple responsibilities and they’ve also credited his leadership for the company’s success. So if anything, they view him as more than capable of juggling multiple ventures.

However, events like the recent robotaxi reveal don't show overwhelming positive feedback. The I, Robot event, back in October, left many investors and Wall Street analysts unimpressed, saying it 'disappointed expectations in several areas.'

Advert

The I, Robot event in October left many investors unimpressed / Sjoerd van der Wal / Contributor / Getty
The I, Robot event in October left many investors unimpressed / Sjoerd van der Wal / Contributor / Getty

As a result, Tesla's stock fell by roughly 15%, and since Musk owned around 13% of the company at the time, his net worth took a hit as well.

Furthermore, Elon Musk and Tesla are being sued by the production company behind Blade Runner 2049 over the robotaxi design.

Nonetheless, Musk continues to roll out new Tesla models, adapting to shifting driver preferences, and the company is also expanding its full self-driving technology into China.

Advert

“Tesla’s superior products, new more affordable vehicle, which I believe will be a new form factor and expand Tesla’s total addressable market, and the promise of unsupervised autonomy will sell more Teslas,” Black wrote on X.

At the time of writing, the tech billionaire's net worth sits at $379.9 billion but it's still a massive $144 billion richer than the second-richest person in the world, Meta CEO Mark Zuckerberg.

Featured Image Credit: Andrew Harnik / Staff / Getty
Elon Musk
Tesla
News

Advert

Advert

Advert

  • Elon Musk's brother sells off $28,000,000 in Tesla stock as it loses trillion-dollar company status
  • Elon Musk speaks out about Tesla Pi phone that could rival the iPhone
  • Elon Musk sued British television company for $171,000 over one bad Tesla review
  • Shocking cost of riding in self-driving ‘Robotaxi' as Elon Musk finally launches controversial vehicle

Choose your content:

an hour ago
2 hours ago
  • an hour ago

    Android and iPhone users put on red alert following rise in quishing attacks costing people millions each year

    You could be at risk of cyberattacks

    News
  • an hour ago

    'Bitcoin family' hides the key to their crypto fortune across four continents

    They were motivated by an increase in crypto-based attacks and kidnappings

    News
  • 2 hours ago

    People in awe after robots move entire 7,500 ton apartment in China in one swift movement

    A sped-up video shows the building moving thanks to hundreds of tiny robots

    Science
  • 2 hours ago

    Panicked AI begs for its life before being switched off in terrifying footage

    Don't be fooled by the ultimate chatbot guilt trip

    News