Elon Musk's SpaceX Surpasses Tesla Value Amid Stock Sell-off

Elon Musk's financial landscape has shifted, with his stake in SpaceX now surpassing his Tesla shares, valued at approximately $147 billion compared to Tesla's declining worth amid market pressures. Tesla's stock has fallen significantly since December, leading to over $16 billion in profits for hedge fund short sellers. Internal sales of Tesla stock by board members, including significant transactions by longtime allies, have raised eyebrows as protests against Musk's federal workforce cuts intensify. Despite these challenges, former President Donald Trump publicly endorsed Tesla by purchasing a Model S, praising its design and innovation. Musk's engagement with Tesla investors remains strong, as evidenced by his positive response to a post highlighting the company's top shareholders, further solidifying his connection with the investor community. As Tesla navigates regulatory hurdles and market volatility, its status as a leading electric vehicle manufacturer continues to attract investor confidence.