The senior adviser to the White House, Tesla and CEO of Spacex, Elon Musk, participates in a cabinet meeting organized by US President Donald Trump in the White House on March 24, 2025 in Washington.
Win McNamee Getty images
Tesla The shares have just finished the worst quarter since 2022 and suffered the third highest decline in 15 years of the company on the public market.
The actions of the electric vehicle manufacturer fell by 36% in the first three months of the year.
The last time Tesla had a worse episode at the end of 2022, when the crater supply equalized 54%. This quarter included CEO Elon Musk's sale Tesla shares worth over $ 22 billion in order to finance his $ 44 billion in Twitter, later renamed X. On Friday, Musk said that his startup of artificial intelligence XAI purchased x In a contract resulting from a media company for $ 33 billion.
The Tesla drop in the first quarter destroyed market capital by over $ 460 billion. The majority of the quarter coincides with time Musk in the second Trump administration, leading to a reduction in government expenditure and regulation, and the end of tens of thousands of federal employees.
Musk runs the so -called government department or dog. From Monday, the Doge website claimed that until March 24 the program reached $ 140 billion for federal expenditure reduction, which is less than a third of Tesla's valuation loss in the first quarter.
“My tesla supplies and the supplies of anyone who has Tesla went around in half,” said Musk on Sunday evening at a rally, which he had at Green Bay in Wisconsin to promote the right -wing judge, whom he supports the Tuesday elections of the Supreme Court. “I say this very expensive work.”
Doge website Numerous mistakes Earlier, the group has changed their own claims regarding their savings. It has also been shown that many charges of musk regarding waste, fraud and abuse in the federal budget misleading or false.
Musk recently said on Fox News Interview with Bret Baier that he and DogE plan to reduce $ 1 trillion from the total federal level of expenses to May.
The role of Muska in the White House is one factor weighing Tesla's supplies because it contributes to the waves protestsboycott and violent attacks on shops and vehicles around the world. The automotive tariffs of President Trump are also a problem because they concern key suppliers of Tesla, especially Mexico and China. Tariff fears were caused by a broader sale of technological actions, and Nasdaq closed the quarter by 10%, which is the largest decline since 2022.
Tesla is in the face of other winds, such as a sharp decline in the sale of new vehicles and pressure on the implementation of Muska robotax promises, while rivals are expanding their leader on the market.
Musk said that Tesla would launch a company without drivers in Austin, Texas, but some analysts express skepticism about the company's ability to meet this date.
For about a decade, Musk promised that existing Tesla cars can be transformed into vehicles ready for robotaks with one more software update. About the company A combination of earnings in the fourth quarterMusk said that the upcoming version of the full Tesla independent software will also require hardware update.
While the decrease in stocks in the first quarter was painful for shareholders, they experienced similar variability in the recent past. IN First quarter 2024Shares fell by 29% due to a decrease in car sales and increasing competition. But the supplies accumulated the rest of the year to finish 63%.
“In the long run I think that Tesla Stock is doing well,” said Musk at the Green Bay rally. “So, you know, maybe it's an opportunity to buy.”
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