Elon Musk and Donald Trump have experienced a notable falling out, leading to substantial financial repercussions. Following their dispute, Tesla's stock plummeted over 14%, costing $138 billion in market value. Musk's net worth also fell sharply, losing $34 billion. Analysts suggest that if Trump distances himself from Musk, it may lead to further declines in stock price, as his previous support played a key role in balancing investor confidence. The relationship's deterioration unveils deeper concerns regarding Tesla's valuation relative to its actual performance.
It may be a war of words, but when the dust settled, both Musk and Tesla emerged worth significantly less for it.
Once you remove the buffer that was shielding the company, investors are forced to look at the actual internal numbers, and they are simply not consistent with the stock's performance this year.
Collection
[
|
...
]