For the first time in five years, Elon Musk’s stake in SpaceX has surpassed his ownership in Tesla, according to recent stock market trends. This shift is largely attributed to Tesla’s significant decline in value over the past few months, with its stock plummeting by over 50% since December.
Tesla’s struggles began in early January after weak vehicle deliveries for the fourth quarter of 2024. The company has faced increased scrutiny from investors and critics alike, following Musk’s takeover of the Department of Government Efficiency under President Donald Trump. Short sellers have made significant profits, betting against Tesla with a total gain of over $16 billion in the last three months.
Several top Tesla executives and board members have been selling their stock, including James Murdoch, Robyn Denholm, Kimbal Musk, and Vaibhav Taneja. These sales are largely seen as part of smart portfolio management, but they also raise concerns about Tesla’s future prospects.
Musk’s stake in SpaceX, however, has continued to thrive, with 2024 revenue jumping 51% to $13.1 billion. The space company’s growth is largely driven by the rapid expansion of Starlink, which has contributed significantly to its success.
Despite Tesla’s struggles, Musk remains optimistic about the company’s long-term prospects. However, his involvement in politics and criticism from liberal customers have sparked protests at Tesla dealerships across the US.
As the situation continues to unfold, investors are advised to exercise caution when making decisions about their portfolios. With $13 trillion as an alternative asset market opportunity, companies like KingsCrowd are well-positioned to deliver professional-grade research tools for both retail and institutional investors.
Note: The article has been rewritten to maintain a neutral tone while focusing on the key points of the original text.
Source: https://www.benzinga.com/news/25/03/44450443/tesla-stock-has-tanked-so-hard-that-its-no-longer-elon-musks-biggest-asset-you-should-not-have-to-live-through-that