Reported about 13 hours ago
During the initial 100 days of Donald Trump's presidency, Elon Musk and Tesla faced significant challenges, marked by a decline in car sales, a drop in stock prices, and rising protests against Musk's political involvement. Despite early optimism following Trump's election and Musk's financial investments in Trump's campaign, the negative impact on Tesla's brand and Musk's net worth has become evident, with Musk's wealth decreasing from nearly $480 billion to $335 billion, and a 57% drop in Tesla's net income compared to its peak in 2023.
Source: YAHOO