Is Elon Musk’s empire showing cracks? The billionaire entrepreneur faces mounting challenges as Tesla stock plummets and his political stance alienates customers, all while he juggles his new role in Trump’s administration. And you know he’s only being hit so hard because radical leftists hate that he’s right.
At a glance:
• Tesla shares dropped 15.4% to $222.15, marking their lowest point since October amid market uncertainty over Trump’s trade policies
• Many attribute Tesla’s declining sales to Musk’s vocal support of Donald Trump, potentially alienating the company’s traditionally liberal customer base
• Musk’s X platform (formerly Twitter) suffered a major outage that he blamed on a “massive cyberattack”
• As head of the Department of Government Efficiency (DOGE) under Trump, Musk aims to cut federal spending while managing his business empire
• Tesla faces increasing competition globally, particularly from China’s BYD which has surpassed Tesla in EV sales
Tesla’s Stock Plunges as Musk’s Political Ties Intensify
Elon Musk’s Tesla is experiencing significant market turbulence as its stock has fallen dramatically to its lowest point since late October. The 15.4% drop to $222.15 comes amid broader Wall Street concerns about the Trump administration’s trade policies – and as radical leftists do their best to destroy the lives of everyone with whom they disagree.
Tesla’s troubles extend beyond market volatility, with sales declining in California, its largest U.S. market, and facing a 45% drop in Europe. Many analysts connect these struggles directly to Musk’s increasingly visible political activity, including his $270 million investment in Trump’s presidential campaign.
UBS Global Research has painted a grim picture for the electric vehicle giant, predicting continued sales declines. “Our UBS Evidence Lab data shows low delivery times for the Model 3 and Model Y (generally within two weeks) in key markets which we believe is indicative of softer demand,” the financial institution reported.
X Platform Crashes and Musk’s Government Role
Adding to Musk’s challenges, his social media platform X experienced a major outage that he attributed to a “massive cyberattack.” The billionaire suggested the platform was targeted by a “large, coordinated group and/or a country,” though so far there has been no confirmation about who, exactly, was responsible for them.
Musk himself claims that the attack appeared to have come from an IP address near Ukraine, but a Palestinian hacker group has also claimed to be behind it.
And while Musk works to make the government more efficient, Tesla showrooms across the United States have reportedly faced protests and vandalism as the #TeslaTakedown movement gains traction. The company’s traditional customer base of environmentally-conscious liberals appears increasingly alienated by Musk’s rightward political shift.