Tesla’s financial tale, however, has taken a turn since Trump took the oath of office with Tesla stock down over 17% since Jan. 21, as of midday Friday. Just weeks before the inauguration, Tesla reported the first full-year drop in global sales in its history as a public company, according to a report from CNN.

Elon Musk’s net worth has fallen below $400 billion as Tesla (TSLA) stock tumbles in 2025 amid growing concerns over the EV giant’s future. As

A State Department spokesperson told Forbes the department has “no current plans” to move forward with the potential contract, which was initiated under the Biden administration.