Tesla CEO Elon Musk saw his net worth plummet by 29billioninjustonedayafterTesla’sstockpricecrashedby1529billioninjustonedayafterTesla’sstockpricecrashedby15316 billion—but investors are growing uneasy about Tesla’s future. Source : USA TODAY LATEST NEWS 2025
Why Tesla’s Stock Crashed
Three major factors drove Tesla’s sharp decline:
- Economic Fears – Rising interest rates and recession worries have made investors wary of high-growth tech stocks.
- Fierce Competition – Chinese automaker BYD and other rivals are gaining ground in the EV market, particularly in China, Tesla’s second-largest market.
- Plunging Sales – Tesla’s Shanghai factory reported a nearly 50% drop in deliveries, its worst decline in over a year.
Musk’s Political Role Sparks Backlash source: World Info Organization
Musk’s appointment as head of the newly formed U.S. Department of Government Efficiency (DOGE) has raised concerns about his divided focus. Critics argue his political involvement distracts from Tesla’s operations, leading to protests at Tesla stores and calls for boycotts. The controversy has further damaged investor confidence in the company.
Tesla’s Q1 2025 Performance Disappoints
Tesla’s latest quarterly report revealed underwhelming numbers:
- 362,615 vehicles produced
- 336,681 deliveries (a significant miss)
- 10.4 GWh energy storage deployments
The company will host a live update on April 22, but analysts remain skeptical about a quick turnaround.
Musk Admits Struggles with Multitasking
At a town hall in Wisconsin, Musk acknowledged the difficulty of managing Tesla, SpaceX, and his new government role. “It’s a tough job,” he admitted, emphasizing the need to “build products people actually want.” His comments did little to reassure investors, with Tesla’s stock continuing to slide.
Can Musk Restore Confidence in Tesla?
Tesla’s future hinges on Musk’s ability to:
✔ Refocus on innovation amid rising competition
✔ Stabilize sales in key markets like China
✔ Regain investor trust after political controversies
With Tesla’s stock still shaky, the pressure is on for Musk to prove he can steer the company back to growth—or risk further declines in his empire’s value.
. Source : USA TODAY LATEST NEWS
