Tesla stake is no longer Elon Musk’s most valuable asset amid stock market sell-off

SpaceX, Musk’s private rockets and satellites business, is now largest asset for the first time in five years

US politics live – latest updates

Elon Musk’s vast stake in Tesla is no longer his most valuable asset as the electric car company continues to endure a sharp stock market sell-off.

Musk’s stake in SpaceX, his private rockets and satellites business, is now the billionaire tycoon’s largest asset for the first time in five years, according to Forbes, which still pegs his net worth at $323bn – more than anyone else in the world.

Topics

The Tesla is no longer a progressive status symbol

From celebrities to school teachers, some Tesla owners are offloading their vehicles due to CEO Elon Musks's political influence.
NBC News - 1d
Tesla Stocks Tumble as Elon Musk’s Political Role Grows More Divisive

The automaker’s shares soared after Election Day as Elon Musk took a high-profile role as a Trump adviser. Now those gains have evaporated.
The New York Times - 6d
Tesla’s stock has lost its ‘Trump bump.’ Here’s the latest bad news.

Tesla’s stock is sinking after another month of bad China sales. Elon Musk has now lost about $7 billion in his stake since the election.
MarketWatch - Mar. 11
Elon Musk's politics are hurting Tesla, 85% say in investor survey

More than eight out of every 10 respondents to a Morgan Stanley survey believe Tesla CEO Elon Musk’s controversial political activities are hurting his business.
NBC News - 6d
Chinese investors privately take stakes in Musk’s companies

Asset managers have been promoting tech mogul’s ties to Donald Trump to lure capital to xAI, Neuralink and SpaceX
Financial Times - Mar. 9
Flagging sales and Elon Musk's political activities are rocking Tesla's value

Flagging global sales and Elon Musk’s increasingly outspoken political activities are combining to rock the value of Tesla.
NBC News - 3d
Elon Musk's SpaceX, Tesla lobby Trump trade representative on tariffs

Tesla warned of the hit to its bottom line from tariffs, while SpaceX complained that foreign trade barriers affect its Starlink internet satellite service.
CNBC - 4d
These 5 Problems at Elon Musk’s Businesses Are Rooted in His DOGE Work

The time and focus Musk has dedicated to slashing federal jobs has sent investors and customers bolting from Tesla stock and cars, adding to other business for the divisive CEO.
Inc. - Mar. 11
China Cools on Musk: ‘Two Cars for the Price of One Tesla’

Elon Musk, the company’s chief executive, is fast losing out to Chinese electric carmakers in Tesla’s second-most-important market.
The New York Times - 5d

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