Elon Musk is facing significant challenges as Tesla\u2019s stock has dropped by more than 50%, leading to major financial losses. Musk\u2019s net worth fell nearly $9 billion in a single week, as the stock declined 6%, bringing his fortune from $464 billion in December to around $342.8 billion. Tesla\u2019s stock has plummeted from nearly $480 per share in mid-December to about $220 in early March 2025, losing over $800 billion in market capitalization. This decline comes during Musk\u2019s active role as head of the Department of Government Efficiency (DOGE), where he is focused on reducing taxpayer expenditures and cutting the federal workforce. Additionally, the global decline in electric vehicle sales is adding to the strain on Tesla.<\/p>\n
In response, Musk\u2019s ally, former President Donald Trump, has shown strong support. On March 10, Trump defended Musk on Truth Social, accusing \u201cRadical Left Lunatics\u201d of trying to undermine him and Tesla. Trump, who previously criticized electric vehicles, announced he would buy a new Tesla to demonstrate his confidence in Musk. On March 11, Trump even transformed the White House into a Tesla showroom, showcasing various models and reiterating his support for Musk\u2019s efforts to help \u201cMake America Great Again.<\/p>\n","protected":false},"excerpt":{"rendered":"
Elon Musk is facing significant challenges as Tesla\u2019s stock has dropped by more than 50%, leading to major financial losses. Musk\u2019s net worth fell nearly $9 billion in a single week, as the stock declined 6%, bringing his fortune from $464 billion in December to around $342.8 billion. Tesla\u2019s stock has plummeted from nearly $480 […]<\/p>\n","protected":false},"author":1,"featured_media":2383,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2382","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/fnews06.org\/index.php?rest_route=\/wp\/v2\/posts\/2382","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fnews06.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fnews06.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fnews06.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/fnews06.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2382"}],"version-history":[{"count":1,"href":"https:\/\/fnews06.org\/index.php?rest_route=\/wp\/v2\/posts\/2382\/revisions"}],"predecessor-version":[{"id":2384,"href":"https:\/\/fnews06.org\/index.php?rest_route=\/wp\/v2\/posts\/2382\/revisions\/2384"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fnews06.org\/index.php?rest_route=\/wp\/v2\/media\/2383"}],"wp:attachment":[{"href":"https:\/\/fnews06.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fnews06.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fnews06.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}