"Nobody lost more money Monday as the stock market reacted to President Donald Trump’s tariffs than Elon Musk, Trump’s self-described “first buddy” and the world’s richest person, as shares of Musk’s electric vehicle company Tesla struggled."
Tesla shares lost 5.17% of their value and Musk lost $11.8 Billion from his net worth.
Musk Net Worth Falls $12 Billion As Tesla Stock Reels From Tariffs https://search.app/TgYXUJYJASCwqhKM9
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European sales figures for Tesla, comparing January 2024 to January 2025, show an almost 50% drop in sales.
I did Nazi that coming...
https://electrek.co/2025/02/03/tesla-tsla-sales-are-dropping-like-a-rock-in-europe-but-its-not-just-because-of-elon-musk/
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@ProjectFearlessness The UK figure is illuminating. But yeah, go Spain!
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@Janeishly @ProjectFearlessness
Fleet sales would probably factor in somewhat here, for tax reasons a lot of corporate purchasers switched to Tesla for company cars etc. Historically Teslas have held their value at the end of the 3 year leases meaning they are cheap to lease.
What will be interesting is if sales of used Teslas start to dry up, causing prices to fall and consequentially lease costs to go up.
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@CuterwithCatEars @Janeishly
Following the salute, there were some fairly large fleet cancellations in Germany. These were ethical rather than financial decisions. If Musk's actions can persuade big companies to cancel even though it will cost them more, he's in trouble.
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