The share of the manufacturer of Elon Musk Electric Car Tesla fell by more than 15 percent in one day – and has also lost the last price profits after the US presidential election in November.
When asked how Musk, in addition to his work as a government adviser and head of the Department of Government Efficiency (Doge), led his companies, Musk answered in an interview with “Fox Business”: “With great difficulties”, and sighed. Musks -Rol as head of the Ministry of Government Efficiency has led to “Tesla Takedown” protests against the car manufacturer in the US in recent weeks. In Europe, where Elon Musk supports right -wing extremist parties, the car sales of Tesla were pronounced by 45 percent in January compared to the previous year.
Musk had become a narrow ally of the eventually victorious Republican Donald Trump in the American election campaign. After his triumph in the presidential election, the Tesla share went up steeply. At the Climax in mid -December it was about twice as much as on election day on November 4. Then a descent began, which recently became steeper.
Investors looked at weaker figures
Tesla had completed the year 2024 with the first decrease in deliveries for more than a decade, although Musk had previously given a prospect. The technical billionaire attracts investors with the view of large stores with self -driving cars and humanoid robots. Although it has not been identified in both areas that Tesla can be successful, so far investors have overlooked the current company and the company has evaluated much higher than other car manufacturers.
In mid -December, Tesla was worth more than $ 1.5 trillion with a price of around $ 480. Now the market value of a good $ 222 to around $ 715 billion fell (659.29 billion euros). For comparison: the American author Gate Ford brings nearly $ 40 billion to the Stock Exchange Scale, the rival General Motors nearly 48 billion.
Muskactiva are on the Tesla course
For Musk Personally, a significant decrease in the share price of Tesla can also become a problem. It is known that the technical billionaire loans protect with his Tesla shares, which at least make him the richest person in the world. In such transactions you often have to send collateral if the course falls under certain limit values. The Bloomberg Financial Service currently still estimates the wealth of Musk at a good $ 300 billion.
Proximity to Trump drove up the share price
After the elections, some market observers assumed that Musks can provide benefits for the proximity of Tesla to the American president. Trump made him a costs lower on behalf of the US government and gave him far -reaching powers. The president said that no conflicts of interest would be allowed.
Tesla’s Assistance System Autopilot is among other things in the sights of various studies by the NHTSA Road Safety Authority. The authority would also play a key role for the admission of the self -drying robotaxis provided by Musk. He wants to do it without the more expensive laser radars in the autonomous driving car and only place it on cameras. From the point of view of many experts, laserradars are indispensable, so that self -driving cars are safe on the road. The Google -Zuster company Waymo also uses such technology with its reliably functioning robotaxis.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
