Tesla’s sales have declined in the US and globally, influenced by several factors including Musk’s political activism causing consumer backlash, a transition towards robotics and AI, inventory issues, anticipation for new models, and increased competition. In February, US sales dropped by nearly 6%, with Cybertruck and Model 3 sales falling the most.
Additionally, X’s valuation has decreased significantly. One year after Musk’s acquisition, company documents related to employee restricted stock grants showed the company had estimated its own valuation at about $19 billion, down about 55% from Musk’s purchase price.
These developments have led to a substantial reduction in Musk’s net worth, with estimates indicating a loss of approximately £1,000,000 per minute since the start of 2025.
