Elon Musk’s SpaceX Surpasses Tesla as His Largest Asset

Los Angeles, CA — Elon Musk‘s stake in SpaceX has become his most valuable asset, surpassing his holdings in Tesla for the first time in five years. As Tesla’s stock spirals downward amidst increasing market pressures, SpaceX’s value is now estimated at $147 billion, according to recent analyses.

Musk’s net worth, still standing at approximately $323 billion, reflects the turbulent shifts within his business empire. Tesla’s shares have plummeted about 41% year-to-date, a drop fueled by Musk’s controversial foray into U.S. government practices with the Department of Government Efficiency (Doge), and shifting market dynamics.

On Wall Street, Tesla shares fell by 5.4% this week as the S&P 500 index closed down 1.1%. Analysts from S3 Partners have reported that hedge fund short sellers have profited over $16 billion by betting against Tesla’s stock, highlighting the skepticism surrounding Musk’s influence.

In a recent interview with Fox Business, Musk acknowledged the challenges of balancing his role at Doge while managing his businesses, stating, “With great difficulty. I’m just here trying to make government more efficient, eliminate waste and fraud.” He asserted progress but the market response indicates otherwise.

Public sentiment appears mixed, as a new poll indicates that while slightly more Americans view Doge favorably, negative opinions about Musk persist. In a bid to reclaim public favor, Musk showcased Tesla cars to former President Donald Trump, who praised the vehicles during a recent visit.

However, external factors further complicate Tesla’s future. Recent data from Bank of America shows a dramatic 50% decrease in Tesla’s European sales in January compared to the previous year, exacerbated by rising competition from companies like BYD and a growing backlash against Musk’s political engagement.

In China, Tesla faced a steep decline, with only 30,688 vehicles delivered in January, the lowest monthly total since July 2022. The company has expressed concerns regarding Musk’s political positioning and its potential fallout on business operations in a sensitive global market.

“A successful businessman should embrace the entire market,” stated Cui Dongshu, secretary of China’s Passenger Car Association. His caution reflects the delicate balance Musk must maintain to safeguard Tesla’s interests in a complex international landscape.

Compounding these issues, Tesla has also noted potential repercussions from tariffs established by the new U.S. administration, which might provoke retaliatory actions from other countries. “We may be exposed to disproportionate impacts when other countries respond to U.S. trade actions,” Tesla remarked in a correspondence to the U.S. trade representative.

Despite the volatility, analysts remain divided about Tesla’s long-term outlook. Some experts argue that Musk’s preoccupation with automating vehicle production has diverted attention from immediate business needs, criticizing the abandonment of plans for affordable models.

Yet, Morgan Stanley analyst Adam Jonas emphasizes a long-term vision, suggesting Tesla is transitioning beyond traditional automotive sales into diversified fields including AI and robotics. “While the journey may be volatile and non-linear, we believe 2025 will reveal Tesla’s competitive advantages,” he noted.

Musk’s unique position within the automotive and political realms raises important questions about the sustainability of his corporate strategies. As the ecosystem surrounding Tesla evolves, stakeholders will need to closely monitor shifts in both consumer sentiment and market dynamics in the weeks ahead.