As Musk's influence in Washington grows, Tesla's stock sinks--erasing $103 billion from his net worth

[Eugene]

Source: Fortune

As Musk’s influence in Washington grows, Tesla’s stock sinks—erasing $103 billion from his net worth

Beatrice Nolan
Fri, March 7, 2025 at 4:59 AM EST 3 min read

As Elon Musk's influence in the U.S. government grows, Tesla's fortunes are continuing to nose-dive.

The EV maker just had its worst month since December 2022, overlapping with CEO Musk's first full month as part of President Donald Trump's administration.

Tesla stock fell by approximately 28% last month, the company's worst month of decline since a 37% drop in December 2022.

Several factors are driving this decline, including a drop in sales, fears around Trump's tariffs, and rising backlash against the business's boss: the richest man on the planet, Musk.

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Read more: https://finance.yahoo.com/news/musk-influence-washington-grows-tesla-095957467.html

[Blues Heron]

1. Cool, keep up the pressure!

Fire Musk!

[diane in sf]

2. Bankrupt musk.

[bronxiteforever]

3. More please!