Elon Musk, the man who never met a controversy he didn’t like, is watching his fortune disappear at a breakneck pace. The Tesla and SpaceX CEO has seen his net worth nosedive by a staggering $148 billion since January, a financial meltdown that’s coinciding with widespread boycotts and public outrage over his increasingly extreme political moves.
This Monday alone, Musk took a $29 billion hit, with Tesla’s stock plunging to its lowest point in four years. Investors are growing wary of the brand’s declining sales and, let’s be real, the PR disaster Musk is dragging it into. Boycotts are spreading, fueled by Musk’s association with Trump’s latest dystopian government gig and his alleged Nazi-style salute at the inauguration. Tesla cars have even earned the charming nickname “Swasticars” among critics, and honestly, that’s a marketing nightmare even a billionaire can’t buy his way out of.
Everyone Hates Elon (and It’s Hitting His Wallet)
The activist group Everyone Hates Elon isn’t just tweeting—they’re taking action. Their campaign urging people to ditch Tesla has gained traction, arguing that Musk’s growing embrace of Trumpist authoritarianism demands an economic response. And it’s working. The phrase “How much money did Elon Musk lose today?” has started trending, with the answer changing daily—though it’s always in the billions.
Of course, the man himself remains defiant. While his $342 billion fortune still makes him the richest person alive, Musk is now on the defensive, doubling down on his connections with the right-wing elite. And in a totally predictable move, Trump—never one to miss a headline—decided to wade in, declaring on his failing social media platform that he’ll be buying a Tesla as a “show of support.”
The LGBTQ+ Factor: Why It Matters
Musk’s downfall isn’t just about bad business decisions. His increasingly hostile stance toward marginalized groups—especially the LGBTQ+ community—has fueled backlash from queer activists and allies alike. From openly supporting anti-trans rhetoric to platforming far-right extremists, Musk has made it clear where he stands. And now, those choices are hitting him where it hurts: his bottom line.
The tech mogul once positioned himself as an innovator, a genius, a disruptor. But as Tesla’s stock craters and Musk’s reputation circles the drain, it turns out the only thing he’s disrupting is his own billionaire status.