Tesla Stocks Just Plummeted And Elon Musk Isn't Hiding His Feelings

Tesla stocks are like Elon Musk's Boring Company: digging themselves a hole. Musk has been the CEO of the electric vehicle company since 2008. The tech billionaire has also been President Trump's (unelected) right-hand man since just before Trump's second-term inauguration. As a result of the pair's alignment, Tesla stocks (TSLA) soared in an election-time rally. However, those stocks have now plummeted over 50% since hitting all-time highs in December 2025. Cumulative loss of 91% gains don't seem to happen for no reason, but Musk seems to find fault in this decline in everyone but himself. 

Tesla shares have experienced an overall drop of 12% since Election Day. On Monday, March 10th, shares dropped 15%. The recent plunge marks the sharpest Tesla stock drop since 2020.  Reasons for Tesla shares' decline are seemingly tied both to Musk slashing thousands of federal jobs and funding via his work with the Department of Government Efficiency; as well as the current administration's economic policies, where Trump's proposed tariffs keep striking uncertainty, retaliatory tariffs, and tariff-related fears into the stock market — and beyond.

Musk isn't exactly handling his stock situation with grace, and who could blame him: the Tesla stock plunge has taken his net worth from $464 billion in December 2025 to $319.6 billion in March 2025, per analysis by Forbes. Tesla has lost around $800 billion in value since December — and you can bet Musk has posted to the social media company he purchased and renamed X (formerly Twitter) about it.

Elon Musk has responded to Tesla stock underperformance by playing the blame game on social media. Tesla showrooms have been the subject of both violent vandalism as well as peaceful protests, the latter being conducted under the "Tesla Takedown" initiative. Musk seems to have conflated the violent showroom attacks with peaceful protest, boycotting, and personal stock dumping. On March 12, 2025, Musk wrote on X: "The dirty tricks campaign between me & my companies happened exactly as predicted." But Musk has some tricks of his own.

On March 8, 2025, Musk posted to X: "An investigation has found 5 ActBlue-funded groups responsible for Tesla 'protests.'" Musk goes on to name George Soros, Reid Hoffman, Herbert Sandler, Patricia Bauman, and Leah Hunt-Hendrix, insinuating all as being "under investigation" for their role in the matter. There is no evidence to support Musk's claims. Also, Sandler and Bauman are both deceased, and have been since 2019 and 2024. Musk might be prone to exaggeration, as he did also falsely claim that "tens of millions of dead people" were being paid Social Security benefits.

Hoffman, co-founder of LinkedIn and Manas AI, refuted Musk's accusations. On March 10, 2025, Hoffman wrote on X: "I don't condone violence. But it's clear Americans are angry at him – it's easier to explain away their anger, than to accept that actions have consequences." Musk hit back by reposting Hoffman's post, and writing "describe your favorite island vacation" — a slanderous hint at Hoffman's prior business acquaintance with Jeffrey Epstein, ignoring the similar business acquaintance Trump had with the notorious man.

On March 12, 2025, CNN released the results of a poll conducted through independent research firm, SSRS. Per the poll, Elon Musk only has an overall approval rating of 35%. Donald Trump, who has a higher approval rating, tried to help Musk out by buying a Tesla himself, falsely claiming boycotts against Tesla are illegal, and showing off Tesla vehicles at the White House in an unprecedented marketing move, only made less bizarre when considering Musk spent over a quarter of a billion dollars on Trump's campaign. These attempts to significantly rally Tesla stock have not been successful.

Still, on March 10, 2025, Musk posted to X that "It will be fine long-term" — over a repost of other significant Tesla one-day drops over the years. Investors may not be so convinced. While stocks enjoyed a small bump on March 12, 2025, analysts doubt its longevity. Per MarketWatch, Ronald Jewsikow, a Guggenheim analyst, is advising clients to sell Tesla shares due to a 30% downside, and no sign of Musk's approval going up, even regardless of new electric vehicles due to hit the market sometime soon.

In a note to clients, Jewsikow writes: "We believe that protests and partisanship are having an impact on demand, a change from our prior belief that politics were not having an impact on sales." Those politics may soon be far from partisan. Under Musk's influence, DOGE has closed a number of Social Security offices and currently has Social Security benefits in their slash-and-burn sights. More than 69 million Americans rely on those benefits per month to survive, and not one of them is a billionaire.