Elon Musk Speaks During A town Hall Event In Green Bay, Wisconsin

Elon Musk wears a cheese hat during a campaign event in Green Bay, Wisconsin (Joshua Lott/Getty Images)

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Tesla stock drops after Elon Musk says of DOGE: “It’s costing me a lot to be in this job”

Tesla has a lot of things going against it, including a distracted Elon Musk.

3/31/25 8:08AM

At a town hall yesterday in Wisconsin, Tesla CEO and head of the Department of Government Efficiency Elon Musk rallied support for a conservative state Supreme Court judge. He also noted the toll the latter role has taken on his electric car company, whose stock is down about 6% premarket.

“It’s costing me a lot to be in this job,” Musk told the crowd regarding his extragovernmental position, where he’s slashing federal jobs that’s made him and his company broadly unpopular. “My Tesla stock and the stock of everyone who holds Tesla stock went roughly in half.” Back in December, the stock was trading at nearly $480; it’s currently down to about $248.

Musk indeed has a lot to lose. Every time Tesla shares go down $2.43, he loses another billion dollars. (That means he’s lost about $6 billion on paper this morning.)

Many other issues, from full self-driving problems to increased competition, are weighing on the stock as well. Most recently:

Over the weekend, protesters picketed at hundreds of Tesla locations around the country as part of the “Tesla Takedown” campaign.
Analysts keep lowering estimates for Tesla deliveries, blaming, among other headwinds, slowing demand and backlash against Musk’s political forays. Deutsche Bank and Stifel were the latest to lower their estimates for Tesla’s first-quarter deliveries, which will be released this week. A Tesla-compiled list of analyst estimates predicts 377,000 deliveries will be announced, representing a decline from last year’s 387,000 first-quarter deliveries, rather than the “return to growth” Tesla promised.
President Trump’s tariffs are expected to negatively affect Tesla, too. CEO Elon Musk, Tesla leadership, and the biggest Tesla bull out there, Wedbush Securities analyst Dan Ives, have all said tariffs will hurt the EV company.

In the premarket, Tesla shares were trading at $248.23 as of 9:07 a.m. ET, lower than they were on Election Day.

Rani Molla

Keeping an AI out

11/14/25

Apple’s limited AI exposure is paying off again

Amazon, Google, Microsoft, and Meta are negative this month.

Rani Molla11/14/25

Tesla is back in the negative this year

After falling more than 6% yesterday in its biggest drop since July, Tesla is once again in negative territory for the year. Elon Musk’s company posted record earnings last month, buoyed by pulled-forward demand tied to the final quarter of US federal EV tax credits, but its margins slipped as steep discounts were used to clear inventory.

Now the stock, which only turned positive for the year in September, is under renewed pressure amid a broader tech and AI sell-off, as investors grow concerned that the Federal Reserve may pause its rate-cutting cycle. Adding to the drag are soft sales in Tesla’s second-largest market, China, and news that longtime bull Cathie Wood’s Ark Invest unloaded roughly $30 million in shares this week.

Rani Molla11/13/25

Meta overhauls Marketplace with AI insights and collaborative shopping

Meta announced Thursday that it’s giving its buy-and-sell platform, Marketplace — arguably the best part of Facebook and the most appealing to young people — a “glow up.” Each day in the US and Canada, one out of four Facebook daily active young adult users go to Marketplace, according to Meta. The overhaul includes the ability to create collections of listings you can share with friends or the public.

The site will also offer AI suggestions on what to ask sellers about your potential purchase. Unfortunately for all involved, the much-hated, easy-to-accidentally-press default message to sellers — “Hi, is this available” — remains unchanged.

Most promising, to us, for comedic purposes: “You can now react and comment directly on Marketplace listings, helping others learn about item quality and discover unique finds.”

Facebook Marketplace Gets a Glow Up

Most promising, to us, for comedic purposes: “You can now react and comment directly on Marketplace listings, helping others learn about item quality and discover unique finds.”

$15B

Rani Molla11/13/25

Tesla CEO Elon Musk’s other company, xAI, has raised $15 billion in its latest funding round, CNBC reports. That’s $5 billion more than the company had raised in that same round in September. Its valuation remains at a sky-high $200 billion.

Tesla shareholders recently voted to invest in xAI but, due to a large number of abstentions, the board has yet to approve the proposal.

Rani Molla11/13/25

Microsoft to use OpenAI’s chips to improve its own in-house chips

As part of Microsoft’s investment in OpenAI, the company is using OpenAI’s development of custom AI semiconductors to help improve its own in-house chips, which have lagged behind peers, according to an interview with CEO Satya Nadella by podcaster Dwarkesh Patel.

“As they innovate even at the system level, we get access to all of it,” Nadella said. “We first want to instantiate what they build for them, but then we’ll extend it.” Under their updated agreement, Microsoft has access to OpenAI’s models and products — excluding the Jony Ive-designed AI device — through 2032.

Tesla stock drops after Elon Musk says of DOGE: “It’s costing me a lot to be in this job”

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