SpaceX Surpasses Tesla As Musk's Most Valuable Asset

Tesla is facing significant challenges under Elon Musk's leadership as the company's stock has plummeted by 50% since December, and its revenue growth has stagnated at just 1% for 2024. Reports indicate a decline in Tesla sales across key markets, while the company's net income fell to $8.4 billion for the second consecutive year. Amidst these struggles, Musk's commitment to his political role in Trump's Department of Government Efficiency has raised concerns among investors about his focus on Tesla. In contrast, SpaceX has surpassed Tesla in value, with Musk's stake in SpaceX now worth $147 billion, reflecting a growing confidence in the aerospace sector. Analysts suggest that if Musk were to step down, it could trigger a major selloff of Tesla shares, as much of the company's value is tied to his persona. Industry experts are urging Musk to clarify his plans for Tesla's future amidst the ongoing crisis of confidence.