Summary
Elon Musk’s fortunes have plummeted by $148 billion amid Tesla stock plunging nearly 50%, government protests, and setbacks at SpaceX and Starlink.
A White House event with Trump, meant to boost Tesla, instead highlighted Musk’s growing desperation.
Musk’s other ventures are also struggling—SpaceX rockets have exploded during tests and Starlink lost a Canadian contract.
His role leading DOGE is generating backlash, with Musk appearing increasingly defeated in public appearances.
His reputation, which previously weathered controversies, now faces unprecedented challenges due to his political alliance with Trump.
I don’t think this is about numbers going down. Tesla stock has gone down before, without him having this reaction. I think his real problems are more personal:
So it’s not really about number going down, it’s about people explaining number going down with “everyone hates Elon Musk”.