Tesla and SpaceX shares plunge $450 billion in two days on Musk political fears
· Business · MarketWatch, CNBC
Tesla and SpaceX shares suffered a combined two-day market value drop of approximately $450 billion in late 2024, erasing investor confidence. The selloff follows Elon Musk's increasing role in Donald Trump's incoming administration, creating concerns about potential conflicts of interest. Investors worry a divided Washington could policy-wise derail the growth prospects of Musk's companies. The scale of the wipeout underscores the market's sensitivity to Musk's dual role as CEO and political influencer.
Why it matters
Retail and institutional investors holding Tesla or SpaceX exposure face significant portfolio volatility, while the broader tech sector watches how Musk's political ties will influence regulatory environments. The selloff highlights the risk of personal political entanglements affecting massive corporate valuations.
Read the original report — MarketWatch
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