The Daily Populous Thursday February 27th, 2025 day edition
Authored by nbcnews.com and submitted by bruhlmaocmonbro

Elon Musk's status as the world's wealthiest person is in no danger of changing.

But since mid-December, the tech titan's net worth has declined by more than $100 billion, or approximately 25%, as a sell-off in shares of Tesla, his electric car maker, has accelerated in recent weeks.

On Tuesday, the stock closed down another 8% to $302.80 and is off 25% year to date. The latest drawdown comes as new data showed new Tesla vehicle registrations plummeting in Europe, down 45% year-on-year for January, even as overall sales growth of electric-battery vehicles on the continent climbed. Sales in China also recently came in trending down.

Some reports have suggested European buyers are revolting against Musk's active role in the Trump administration, which is effectively resetting longstanding European relations.

Investors may also simply be locking in the extraordinary gains of the past year or so: Even with the recent drop-off, the stock is still up 52% over the past 12 months.

On Tuesday, Gary Black, managing partner at The Future Fund investment group, said Tesla shares could fall even further this year given an apparent revision in recent Tesla corporate management guidance about deliveries in 2025.

Musk has assumed an unprecedented — and highly controversial — role in American society with his alliance with President Donald Trump and his ostensible leadership of the Trump administration's Department of Government Efficiency. Musk also leads SpaceX; the social media platform X; the xAI artificial intelligence company; and Neuralink, a company that is exploring brain-chip implants.

Yet Tesla investors have grown accustomed to Musk's multiple responsibilities — and indeed, continue to value Tesla stock highly because they see Musk as a uniquely capable figure.

To that point, some investors say Tesla's recent stock reversal may not endure in the long term. The company is expected to deploy a robo-taxi service later this year, and continues to roll out new models to adapt to shifting driver preferences. It is also unveiling its full-self-driving technology in China.

“Tesla’s superior products, new more affordable vehicle, which I believe will be a new form factor and expand Tesla’s total addressable market, and the promise of unsupervised autonomy will sell more Teslas,” Black wrote on X over the weekend.

Unita_Micahk on February 27th, 2025 at 01:08 UTC »

Boycott the Swastikacar

newswall-org on February 27th, 2025 at 00:53 UTC »

More on this subject from other reputable sources:

Reuters (A): Tesla's market value tumbles below $1 trillion as its Europe sales slump Fast Company (B-): Tesla loses trillion-dollar status: Stock sinks as European sales drop and Elon Musk’s controversies mount Independent (C+): Tesla sales in Europe plummet by 45% as customers seem to sour on Elon Musk Wired (C+): Elon Musk’s Toxicity Could Spell Disaster for Tesla

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oupheking on February 27th, 2025 at 00:35 UTC »

Couldn't have happened to a bigger piece of shit