Dow tumbles 1,100 points, S&P 500 heads for worst day in 2 years on recession fears: Live updates

The "Magnificent Seven" cohort — once the stars of this bull market — led the declines Monday as investors dumped the group for perceived safer plays. Tesla tumbled 13%, heading for its worst day since 2020

https://en.wikipedia.org/wiki/Wealth_of_Elon_Musk

Having been first listed on the Forbes Billionaires List in 2012,[4] around 75% of Musk's wealth was derived from Tesla stock in November 2020

In terms of out-of-pocket costs for the Trump presidency, Musk is paying considerably more in terms of stock losses than in the ~$300 million he donated to the campaign.

https://www.usatoday.com/story/money/business/2025/03/09/musk-loses-billions-amid-tesla-sell-off/82137324007/

As shares of Tesla Inc. lose ground, the company's chairman and presidential adviser Elon Musk is losing big.

Forbes, which maintains a real-time billionaire wealth tracking tool, estimates the 53-year-old was worth $342.4 billion as of the close of business Thursday, down a whopping $121.2 billion from its all-time high of $464 billion, set Dec. 17. He's still the richest person in the world, however.

That's not just due to Trump being re-elected and Musk's very public role there, but it sure doesn't help.

They make money when stocks go down when they short them.

So pretty sure he knows what he is doing.

One thing is for sure: the insider traders we may or may not have elected to office are not breaking a sweat.

I remember the last crash, Dow hit 7,800. People at work were literally crying because their 401K evaporated overnight.

I was like "Wait, isn't this a GREAT time to buy?"

8 years of Obama later...

"Tesla is going down the toilet" is not insider information.

Ha I can see it

I only saw the MST3K version of Bride of Galactica.