Archive · 6 Jun 2025
Tesla's $380 Billion Wipeout: Biggest Loss in 2024
Tesla's stock price is down a lot this year.
This is because fewer people are buying electric cars, and Tesla's boss, Elon Musk, had a public fight with Donald Trump.
Trump threatened to stop doing business with Musk's companies.
This made investors worry, and the value of Tesla dropped by $380 billion.
The value of Tesla is now in 10th place of top global companies.
Tesla's market capitalization dropped by 29.3% this year.
The $380 billion loss is the biggest among large companies in 2024.
Declining EV demand is a factor in Tesla's stock performance.
Elon Musk's political controversies contributed to the stock drop.
Trump threatened to cut government contracts with Musk's companies after public dispute.
- Who
- Tesla, Elon Musk, Donald Trump, and investors.
- What
- Tesla's market capitalization fell 29.3% this year, a $380 billion loss.
- When
- Throughout 2024, specifically following Elon Musk's criticism of Trump and subsequent threats.
- Where
- Financial markets, impacting Tesla's global ranking and investor confidence.
- Why
- Due to declining EV demand, Elon Musk's political stances, and fallout from his public dispute with Donald Trump, impacting investor confidence.
Tesla
Donald Trump
Impact on Tesla
Tesla
The fallout could negatively impact Tesla's market performance and regulatory relationships.
Donald Trump
Unclear, but the initial alliance with Trump might have brought benefits.
Regulatory Impact
Tesla
The company could face increased regulatory scrutiny.
Donald Trump
Unclear
- Company Affected
- Tesla
- Key Figures
- Elon Musk, Donald Trump
- Market Value Drop
- $380 billion
- Stock Drop Percentage
- 29.3%
- Contributing Factors
- Declining EV demand, Musk's political controversies
