Elon Musk’s Fortune Crashes by $144 Billion as Tesla Tanks—Trump Rushes to His Defense!

Tesla CEO Elon Musk has just suffered one of the biggest financial losses in history, watching his net worth plunge by over $144 billion as Tesla’s stock price nosedived.

Investors scrambled for the exits amid growing concerns over Musk’s political entanglements, trade tensions, and Tesla’s struggles in key global markets.

The 15% drop in Tesla’s stock on Monday, March 10, marked its worst day on Wall Street in years, slashing $127 billion from the company’s market value.

By the end of the day, Musk’s fortune had dwindled to $319.6 billion, according to Forbes.

But in a shocking twist, former President Donald Trump stepped in, vowing to personally buy a Tesla to show solidarity with Musk, as backlash over the billionaire’s political ties continues to shake the company.

Musk’s Political Ties Are Damaging Tesla, Analysts Say

The Tesla stock freefall comes as Musk increasingly wades into politics, serving as head of Trump’s Department of Government Efficiency—a role aimed at modernizing federal technology.

But critics argue that his political involvement is hurting Tesla’s global reputation and alienating key markets.

“Elon Musk’s deep entanglement in politics has significantly impacted Tesla’s reputation,” said Abigail Wright, a business consultant at Chamber of Commerce, in an interview with Newsweek.

“Instead of focusing on Tesla’s innovation and growth, he has become a polarizing figure, alienating key international markets where political sentiment plays a major role in consumer perception and decisions.”

She added that Musk’s involvement in political controversies, trade wars, and his close ties to Trump have contributed to Tesla’s stock decline.

Musk Brushes Off $144 Billion Loss: “It Will Be Fine”

Musk, known for his bold and often dismissive attitude, reacted to the historic stock market collapse with a short, defiant post on X (formerly Twitter):

“It will be fine long-term.”

But analysts aren’t so sure.

Wedbush analyst Dan Ives, a longtime supporter of Musk, issued a stark warning:

“Musk needs to step up as Tesla CEO at this critical juncture,” Ives said in an interview with MarketWatch.

“There has been little to no sign of Musk at any Tesla factory or manufacturing facility over the last two months, and perception has become reality for Tesla shares.”

The lack of leadership, combined with two SpaceX test launch failures and widespread outages on Musk’s social media platform, X, have left investors wondering if Musk is spreading himself too thin.

Trump Vows to Buy a Tesla to Support Musk Amid Stock Collapse

While Tesla struggles, Donald Trump has doubled down on his support for Musk, calling the billionaire a “great American” and blaming the market drop on liberal “witch hunts.”

“I’m going to buy a brand-new Tesla tomorrow morning as a show of confidence and support for Elon Musk,” Trump declared on Truth Social.

“Why should he be punished for putting his tremendous skills to work in order to help MAKE AMERICA GREAT AGAIN???”

The move comes as some progressive groups have called for a Tesla boycott, arguing that Musk’s ties to Trump make the company a symbol of right-wing politics.

What’s Next for Musk and Tesla?

With Musk under fire and Tesla’s stock in free fall, the road ahead looks uncertain.

Will Musk distance himself from politics to restore investor confidence? Will Tesla’s stock recover, or is this the beginning of a deeper decline?

One thing is clear: Musk’s political gambit has turned Tesla into a battleground, and Wall Street is watching closely.