Tesla's stock price has experienced volatility in 2025, influenced by factors such as fluctuating vehicle sales, recalls, and evolving investor sentiment. As of mid-April 2025, Tesla's stock is down 38% for the year. This decline began after a disappointing fourth-quarter earnings report in January, with further pressure from negative headlines, including a recall of nearly every Cybertruck due to issues with the cantrail assembly.
Musk's Net Worth
Elon Musk's net worth has also seen considerable fluctuation. While it peaked at $486 billion in December 2024, it decreased to approximately $330 billion by March 2025. However, recent reports indicate his net worth is around $342 billion as of early April 2025, making him the wealthiest person in the world. This valuation is primarily derived from his ownership stakes in Tesla and SpaceX.
Used Tesla Market
The used Tesla market is experiencing price declines. Used Tesla prices have fallen at three times the rate of the rest of the used car market. The average price of a used Tesla has dropped to $31,733, a 13.6% decrease year-over-year. Factors contributing to this include new vehicle price drops, an aging product lineup, and shifting demand for EVs.