Key Facts
• On July 24, Tesla’s stock dropped over 8%, reaching $303 per share.
• Elon Musk’s net worth fell by $12 billion (approx. ¥1.8 trillion) due to the decline.
• Tesla reported its largest quarterly revenue drop in over a decade.
• Revenue from carbon credit sales decreased by $600 million (approx. ¥90 billion) compared to the previous quarter.
• Musk owns 12% of Tesla’s outstanding shares, which fell in value from $136.3 billion to $124.1 billion.
• A U.S. law ending the $7,500 (approx. ¥110,000) EV tax credit takes effect on September 30.
• Analysts predict Tesla’s credit revenue will decline gradually in 2025 and 2026.
• Tesla’s stock has dropped over 12% year-to-date in 2025.
• Musk remains optimistic about Tesla’s profitability by the end of 2025.
• Tesla aims to launch autonomous ride-hailing services in half of the U.S. by late 2025.
Summary
Tesla’s stock plummeted over 8% on July 24, reducing Elon Musk’s net worth by $12 billion. The decline followed Tesla’s announcement of its largest quarterly revenue drop in over a decade, including a $600 million decrease in carbon credit sales. Musk warned of challenging quarters ahead, citing the upcoming end of the $7,500 EV tax credit on September 30. Despite the setbacks, Musk expressed confidence in Tesla’s long-term profitability and plans to launch autonomous ride-hailing services by 2025. Analysts remain divided on the impact of the tax credit repeal, with some predicting gradual revenue declines while others foresee headwinds for Tesla and competitors. Tesla’s stock has fallen over 12% in 2025, reflecting investor concerns over regulatory changes and market conditions.
