Tesla shares have plunged 44% in 2025, erasing hundreds of billions in market value and generating $11.5 billion in profits for short sellers, according to S3 Partners. CEO Elon Musk’s controversial role in Trump’s administration has fueled international backlash and boycotts, prompting him to announce a reduced role starting in May. Musk defended his efforts to reduce government waste, warning that Tesla's fate is tied to the country's. He also voiced opposition to Trump’s rising tariffs, which threaten higher costs despite Tesla’s U.S.-based production. Musk remains upbeat, promoting future plans for affordable EVs and robotaxis, despite a grim quarter.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Tesla shares a plunge 44% in 2025, raising hundreds of billions in market value and
00:07generating $11.5 billion in profits for short sellers, according to Ask3 Partners.
00:12CEO Elon Musk's controversial role in Trump's administration has fueled international backlash
00:17and boycotts, probably due to announce a reduced role starting in May.
00:21Musk defended his efforts to reduce government waste,
00:23worrying that Tesla's fate is tied to the country's.
00:26He also voiced opposition to Trump's rising tariffs,
00:28which threatened higher costs despite Tesla's U.S.-based production.
00:32Musk remains upbeat, promoting future plans for affordable EVs and robo-taxis,
00:37despite a grim corner.
00:38For all things money, visit Benzinga.com slash GSTV.