Elon Musk's Wealth Shifts: SpaceX Surpasses Tesla as Anti-Tesla Protests Escalate
Elon Musk's net worth fluctuates as SpaceX becomes his largest asset amid declining Tesla stock and increasing protests against the EV maker.
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The backlash to Tesla is both financial and cultural, with vandalism and protests against the car company becoming a symbol for protests against Musk and President Donald Trump.
Elon Musk shocked by hatred against him, Tesla
Newsweek·1M·Mostly ReliableThis source is generally reliable but sometimes includes opinion, propaganda, or minor inaccuracies.CenterThis outlet is balanced or reflects centrist views.
The new $44bn valuation represents a remarkable turnaround for the platform and its investors, which include Andreessen Horowitz, Sequoia Capital, 8VC, Goanna Capital and Fidelity Investments.
Value of Elon Musk’s X ‘rebounds to $44bn purchase price’
The Guardian·1M·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.Leans LeftThis outlet slightly leans left.Tsai attributed Tesla's declining sales to the refresh of the Model Y.
Business Insider·1M·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.
This extreme amount of hatred and violence is because we’re actually succeeding in getting rid of corruption and waste.
New York Post·1M·Mostly ReliableThis source is generally reliable but sometimes includes opinion, propaganda, or minor inaccuracies.Leans RightThis outlet slightly leans right.
With sales growth slowing, Tesla CEO Elon Musk pivoted his focus last year to rolling out robotaxis and has promised driverless ride-hailing services to the public in California and Texas this year.
Tesla gets first in a series of permits it needs to run robotaxis in California
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The automaker’s removal comes after so-called “Tesla Takedown” protests over the weekend, including in Ottawa and Vancouver, that denounced Tesla CEO Elon Musk and his role advising U.S. President Donald Trump, who has infuriated Canadians with talk of making Canada the 51st U.S. state.
Vancouver International Auto Show removes Tesla, citing safety concerns at event
ABC News·1M·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.The automaker’s removal comes after so-called “Tesla Takedown” protests over the weekend, including in Ottawa and Vancouver, that denounced Tesla CEO Elon Musk and his role advising U.S. President Donald Trump, who has infuriated Canadians with talk of making Canada the 51st U.S. state.
Vancouver International Auto Show removes Tesla, citing safety concerns at event
Associated Press·1M·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.
Summary
Elon Musk's net worth has shifted, driven by SpaceX surpassing Tesla amid ongoing market downturns. Tesla was removed from the Vancouver International Auto Show due to attendee safety concerns following anti-Tesla protests, the 'Tesla Takedown' protests protesting Musk's relations with Trump. Meanwhile, British Columbia Hydro has excluded Tesla from the electric vehicle rebate program. Reports indicate Musk's social media platform, X, has rebound in value to $44bn, aiding in his wealth accumulation. Protests against Tesla have escalated, with vandalism incidents triggering FBI investigations, coinciding with Musk's controversial political ties, leading to investor concerns.
Perspectives
Tesla's stock decline has made Musk's SpaceX stake his most valuable asset, surpassing Tesla for the first time in five years, as economic uncertainty impacts the market.
Vandalism and protests against Tesla reflect broader cultural opposition to Musk and Trump's policies, which are perceived as harmful to working families.
Used Tesla prices have dropped significantly, with a noted 7.26% decrease compared to the average car price decline of 2.68%, affecting the resale market.
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