Americans Dump Tesla Shares As Loosing Streaks Continues

Tesla stock’s steep losses in early 2025 have cut tens of billions of dollars away from the net worth of the world’s richest man, the electric vehicle maker’s CEO Elon Musk, whose outspoken role in President Donald Trump’s administration draws questions about what it may mean for Tesla.

Shares of Tesla declined 6.3% to $328.50 in Tuesday trading, closing at its lowest share price since Nov. 15.

Catalyzing Tuesday’s drop were advancements in autonomous driving from its Chinese EV rival BYD and a skeptical note from Oppenheimer analysts led by Colin Rusch warning Musk’s “political activity risks consumer backlash.”

The Oppenheimer note, which referenced “concerning” January sales in China and Europe, comes a day after Stifel analysts led by Stephen Gengaro similarly warned “the negative downturn in consumers’ perception of Elon Musk could result in a ‘headwind to sales’ for Tesla,” which inspired a 3% loss in Monday trading for Tesla shares.

Tesla stock is now down 18.8%, or more than $76 per share, in February, declining almost 32% from its all-time closing high of $479.86 set Dec. 17.

Nobody has been affected more on a gross basis by the Tesla slump than its largest shareholder, Musk, who owns nearly 13% of the company and a further 9% equity award pending legal appeal (Forbes discounts Musk’s 9% bonus by 50% in its valuation to reflect its legal uncertainty).

Musk was worth $378.8 billion Tuesday, according to Forbes’ latest calculations – a $42.8 billion decrease from his $421.6 billion net worth at the end of January – though he remains about $130 billion wealthier than the next richest person on the planet, Meta CEO Mark Zuckerberg.

Source:- Forbes

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