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Teslas European Sales Nosedive 45% as Elon Musks Net Worth Plunges $5.2B in a Week

08 March, 2025 | 3 Min Read

tickers: ABNB, UBER, WMT

source: Benzinga

tickers affected by this

tickerpolaritywhy?
ABNBpositivelyWith Tesla’s market cap dropping below $1 trillion and its stock price fluctuating significantly, investors may look to diversify their holdings in the tech and travel sectors. This could lead to increased investment in Airbnb Inc. (ABNB), as travelers might opt for alternative accommodations during economic uncertainty. Additionally, ABNB could benefit from technological innovations and autonomous travel trends.
UBERpositivelyGiven Tesla’s recent struggles and the overall investor sentiment adding pressure on Elon Musk, alternatives within the marketplace might see a positive interest. Investors might choose Uber as a alternative ride share service, making it to benefit from Tesla’s stock slump.
WMTpositivelyThe recent fluctuations in Tesla’s stock could drive consumers towards more affordable or alternative vehicle options, which could benefit companies like Walmart (WMT) as consumers look to save on large expenses by shopping for necessities elsewhere. Additionally, Tesla’s focus on innovation has historically included advanced technologies like autonomous driving, so even with Tesla’s shift in CEO, it’s impact negatively may still benefit Walmart through acceptance and expectation of Tesla’s potential decline. This shift could also bring in more affordable sales in the tech category.

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summary

Elon Musk’s Net Worth Drops by $52 Billion, but he Retains Top Spot

Bloomberg Billionaires Index

Elon Musk’s net worth has declined by approximately $52 billion this year, but he remains the world’s wealthiest individual, with an estimated fortune of $336 billion. Despite this drop, Musk maintains a significant lead over Meta CEO Mark Zuckerberg, who has a net worth of about $110 billion.

Tesla’s Recent Performance

Elon Musk’s net worth is slow due to Tesla’s tumultuous year. Tesla’s TSLA shares recently dropped over 4%, marking a third of the value lost since the start of 2025. This decline has pushed the company’s market capitalization below the $1 trillion level for the first time since last November.

Tesla IV Stock Fluctuation

Over the same period, Tesla’s vehicle sales in Europe gained a lot of attention. Tesla’s major competitor comes from China’s Auto Market while the European market noted a 37% gain in January, Tesla’s sales dropped by 45%. Tesla has blamed this slump on the increasingly congested market and a sluggish U.S. economy.

Analysis on Musk

Musk’s political activities have come under fire. After winning the hearts of many with his now-defunct roles, Musk has backfired with some and is now recently deeply engaged in politics. Many analysts are now thinking if it would help Tesla’s business plan which essentially revolves around innovation, cutting-edge technology, and ambitious plans in autonomous driving and robotics.

Analyst Sentiment

Adam Jonas recently went as far as to name Tesla his “top pick” in US autos. Jonas, an analyst from Bear Insights,stated that his prediction of Tesla’s future is bullish. He reminded people of Tesla’s competitive edge in embodied AI while maintaining a $430 price target. In his best-case scenario, this might go up to $800.

Future Outlook

Tesla’s sales have been coasting on a thin ride as the records continue to drop. Yet Tesla and Musk still have a very high hope for the future with investors’ expectations. Musk’s net worth dropped by $5.2 billion recently, but only enough to move his position two steps down on the nation’s wealthiest.

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