Mon Mar 10 15:00:00 UTC 2025: ## Tesla Stock Plunges Below Pre-Trump Election Levels, Musk’s Net Worth Takes $12 Billion Hit
**New York, NY** – Tesla stock experienced a dramatic fall on Monday, dropping below its price before the 2020 presidential election, erasing a significant portion of its previous gains. The decline, which saw shares fall approximately 10% to $236, is part of a broader market downturn linked to concerns over President Trump’s economic policies. The Nasdaq Composite also suffered substantial losses, entering correction territory.
The drop in Tesla’s share price is attributed to several factors. UBS analyst Joseph Spak predicted a 5% decline in Tesla’s 2025 vehicle deliveries, contradicting consensus forecasts. This, combined with broader market anxieties and the impact of Trump’s policies, contributed to the significant loss.
Tesla’s stock is now down over 51% from its all-time high in December, when it benefited from expectations of a favorable Trump administration. This decline has significantly impacted CEO Elon Musk’s net worth, reducing it by $12 billion on Monday alone. While he remains one of the world’s wealthiest individuals, his net worth is now $134 billion less than its peak.
Tesla’s struggles extend beyond the current market volatility. The company faces challenges from Trump’s tariffs, impacting its operations in China and reliance on parts from multiple countries. Additionally, reports of lower sales projections and concerns about Musk’s public pronouncements impacting the brand’s reputation have further weighed on the stock. Since Election Day, Tesla stock is down 6%, and its market capitalization has fallen by nearly $700 billion from its December peak.
First Piper 