Elon Musk's Wealth Shifts: SpaceX Surpasses Tesla as Anti-Tesla Protests Escalate
Elon Musk's net worth fluctuates as SpaceX becomes his largest asset amid declining Tesla stock and increasing protests against the EV maker.
Overview
Elon Musk's net worth has shifted, driven by SpaceX surpassing Tesla amid ongoing market downturns. Tesla was removed from the Vancouver International Auto Show due to attendee safety concerns following anti-Tesla protests, the 'Tesla Takedown' protests protesting Musk's relations with Trump. Meanwhile, British Columbia Hydro has excluded Tesla from the electric vehicle rebate program. Reports indicate Musk's social media platform, X, has rebound in value to $44bn, aiding in his wealth accumulation. Protests against Tesla have escalated, with vandalism incidents triggering FBI investigations, coinciding with Musk's controversial political ties, leading to investor concerns.
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Analysis
- Tesla's stock decline has made Musk's SpaceX stake his most valuable asset, surpassing Tesla for the first time in five years, as economic uncertainty impacts the market.
- Vandalism and protests against Tesla reflect broader cultural opposition to Musk and Trump's policies, which are perceived as harmful to working families.
- Used Tesla prices have dropped significantly, with a noted 7.26% decrease compared to the average car price decline of 2.68%, affecting the resale market.
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Newsweek·3M·FAQ
Elon Musk's net worth has declined significantly due to Tesla's declining stock price. In 2025, his net worth dropped by approximately $102 billion to $330 billion, largely due to a 35% decline in Tesla's share price[1].
SpaceX has become Elon Musk's largest asset, contributing significantly to his wealth. Following a valuation of nearly $350 billion, Musk's portion of SpaceX is valued at approximately $136 billion[3].
Anti-Tesla protests, including the 'Tesla Takedown' movement, have escalated due to Elon Musk's political ties, leading to concerns among investors and consumers. These protests have resulted in Tesla being excluded from certain events and programs[2].
Elon Musk's social media platform, X (formerly Twitter), has faced challenges including major outages and a significant decrease in value since its acquisition. However, there are reports suggesting a rebound in its value[4].
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