Elon Musk Has Had a Terrible Week

Once upon a time, Elon Musk seemingly had unlimited power and money to do whatever his ego directed him to do. Now, the world seems to crash around him because his right-wing antics are turning off people nationally and globally. From board members to customers and investors, everyone is fed up.

via CNBC

Board Members Drop Stocks

Four top Tesla officers sold over $100 million of shares at the beginning of February. According to an SEC filing, James Murdoch, the son of Fox mogul Rupert Murdoch and a board member since 2017, dropped $13 million. The sale happened on March 10, the same day the stock experienced its most significant single-day decline in five years.

Elon’s brother and board member, Kimbal Musk, also unloaded 75,000 shares worth $27 million last month.

Numerous board members and executives also sold their stocks in November and December, and by mid-December, the stock market had fallen nearly 50%. These drops occurred after Donald Trump began his government cuts.

These sales totalled to about $118 million.

Almost All Cybertrucks Recalled

More than 46,000 Cybertrucks were recalled to fix an exterior panel that can detach while driving, making it a safety hazard.

The recall will likely be a setback for Tesla, as its stock continues to plummet and its credibility erodes.

Top Tesla Investor Calls for Elon to Step Down

This week, longtime investor and Tesla supporter Ross Gerber publicly called for Elon Musk to step down as CEO. He argued that Musk’s focus on his White House role has led to Tesla’s neglect after the steep stock decline it experienced.

Gerber Kawaski Wealth Management owns 262,352 Tesla shares as of February 2024. Gerber is now the spokesperson for Tesla shareholders who collectively disagree with how Musk runs Tesla, especially after the most recent elections.

Elon Losses $52 Billion in 2025

In the first three months of 2025, Elon lost $52 billion of his net worth. He’s not at risk of losing the title of the world’s richest person, but it’s a solid start.

Tesla sales declined globally (around 20% last month alone), while European sales dropped 45% simultaneously. His net worth was at an all-time high of $486.4 billion on December 17 of last year, but it is now $353.2 billion.

Tesla Stocks Plunge by 15%

After seven consecutive weeks of stock plunges, Tesla recently suffered its steepest loss since 2020, a 15% plunge. Since December 17, it has lost more than half its value, wiping out about $800 billion in market cap.

This is the longest losing streak Tesla has experienced since its 2010 Nasdaq debut. Its stock peaked at almost $500 and has dropped more than 50% in value.

Wrapping it up…

Elon Musk's recent actions and right-wing political stances significantly damage his fortune and Tesla's financial stability. The sharp decline in Tesla's stock, mass recalls of its Cybertruck, and growing dissatisfaction among investors and board members paint a troubling picture for Musk's leadership.

As his focus shifts toward divisive political ventures, key stakeholders, including major investors like Ross Gerber, are calling for a change in direction.

With Musk losing billions in net worth and Tesla's market value plummeting, the future of his empire and Tesla's market standing now hangs in the balance.

What was once a symbol of innovation and unbridled success now faces mounting challenges, and how Musk will navigate this rocky period remains to be seen.