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You're Fired! Why Billionaires Backing Trump Should Think Twice

  • Elon Musk's net worth has decreased by $157 billion since its peak of $486 billion in December 2024, primarily due to a drop in Tesla's stock value.
  • Tesla sales in Germany have fallen by more than 70 percent in the first two months of 2025, influenced by consumer dissatisfaction.
  • Alphabet's shares dropped over 7 percent in early February 2025 after missing revenue estimates, coinciding with scrutiny from the US Justice Department.
  • The Magnificent Seven index, which includes major tech companies, is down 21 percent since mid-December 2024, affecting the wealth of several billionaires.
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Progressive International broke the news in on Monday, March 10, 2025.
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