#StablecoinGoldRush
On Monday, March 10, 2025, Tesla experienced a dramatic decline in its stock value, dropping 15.43% in a single trading session. This marked the company’s largest single-day loss since September 2020, raising concerns among investors.
Elon Musk’s Response
Despite the sharp decline, Elon Musk remained unfazed, responding to a Twitter/X post about Tesla’s stock drop with a quote from Monty Python:
This lighthearted response sparked mixed reactions among investors, some of whom found it reassuring, while others questioned Musk’s attitude during the downturn.
Investor Reaction
One Tesla shareholder replied:
@TeslaInvestor22: "Elon, we just lost billions. This isn't funny. What’s the plan?"
To which Musk simply responded:
Market Context and Reasons Behind the Drop
The stock drop occurred amid a broader market sell-off driven by fears of a U.S. recession and uncertainty over potential tariffs on electric vehicles. The Nasdaq Composite fell 4%, while the S&P 500 and Dow Jones Industrial Average also saw significant losses.
Industry analysts have pointed to multiple factors contributing to Tesla’s struggles, including:
Slowing demand for EVs in key markets
Increased competition from Chinese automakers
Concerns over production delays at Tesla’s new factories
Impact on Tesla’s Valuation and Musk’s Wealth
Tesla’s market capitalization has taken a massive hit, losing over $795 billion in value since December 2024. The company has now fallen behind Berkshire Hathaway and Saudi Aramco in valuation.
Musk himself has felt the impact, with his net worth dropping by approximately $150 billion over the past three months. However, he remains the world’s richest person with an estimated $300 billion .
