Elon Musk loses £102 billion since 2025's start

economictimes.indiatimes.com

Elon Musk has lost £102 billion since the start of 2025, with a single-day drop of £14 billion due to a significant decline in Tesla's stock price. The losses are linked to boycotts and protests over Musk's role in the Trump administration. Tesla's stock has fallen nearly 32% this year, driven by public anger over job cuts in government. The company has faced vandalism and declining sales in Europe and China, contributing to the financial turmoil. President Donald Trump has publicly supported Musk, blaming left-wing activists for the boycotts. Trump stated he would buy a Tesla to demonstrate his confidence in Musk amid the ongoing challenges.


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