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Elon Musk’s Net Worth Takes $43 Billion Hit Amid Tesla Losses And Ties To Trump

by THEFUTURE.TEAM

February 12, 2025

Tesla’s significant losses in early 2025 have led to a sharp decline in the net worth of Elon Musk, the world’s wealthiest individual. Tesla’s stock price dip has reignited questions surrounding Musk’s political activities and their potential impact on his company.

Key Facts

On Tuesday, Tesla shares dropped by 6.3%, closing at $328.50, the lowest point since November 15. The fall was attributed to advancements in autonomous driving technology by Chinese rival BYD and a cautious outlook from Oppenheimer analysts, who noted that Musk’s political activism could trigger a consumer backlash. Analysts cited “worrying” January sales in China and Europe as contributing to the decline. A similar sentiment from Stifel analysts added further pressure, warning that “negative consumer sentiment toward Elon Musk” could harm Tesla’s prospects.

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In February alone, Tesla shares have fallen by 18.8%, losing nearly 32% from their December 17 peak of $479.86. The sharp decline has taken a toll on Musk’s wealth, with Forbes reporting a $42.8 billion drop in his net worth, now standing at $378.8 billion — down from $421.6 billion at the end of January. Despite this loss, Musk remains the richest person in the world, holding a $130 billion lead over Meta’s CEO, Mark Zuckerberg.

Big Number

$12.5 billion – The value of Musk’s fortune plummeted by on Tuesday as a result of Tesla’s stock slide.

The Bigger Picture

Musk’s stake in Tesla, which is valued at over $150 billion, remains the cornerstone of his fortune. Other key assets, including his holdings in SpaceX, X (formerly Twitter), and xAI, contribute to the rest of his wealth. While Tesla shares are still up 30% since Election Day, the momentum has waned, particularly after the company’s Q4 revenue missed Wall Street’s expectations. Additionally, car sales in Europe and China have been disappointing, further weighing on investor sentiment.

Musk’s political involvement has also raised eyebrows. Ahead of the 2024 election, he donated nearly $290 million to Trump and associated causes, becoming an influential figure in Trump’s second-term efforts. Notably, he is also heading the DOGE agency, which aims to downsize the federal government.

During Tesla’s struggles and his ongoing political engagement, Musk’s wealth has experienced a significant setback, with questions mounting about how his public persona will affect his companies in the future.

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Cyprus Remains Among EU’s Lowest Renewable Electricity Producers

Cyprus remained among the European Union’s weakest performers in renewable energy adoption in 2025, with renewables accounting for 27.5% of gross electricity consumption, according to new data published by Eurostat.

Across the EU, renewable sources supplied 49.9% of gross electricity consumption last year, bringing the bloc close to generating half of its electricity from renewable energy.

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Cyprus Remains Among The EU’s Lowest Performers

Cyprus ranked among the EU countries with the lowest share of renewable electricity, ahead of only Malta at 11.2%, the Czech Republic at 19.2%, Luxembourg at 23.3% and Slovakia at 24.1%.

Across the country’s broader energy system, renewables accounted for 21.5% of gross final energy consumption in 2025.

EU Renewable Electricity Continues To Grow

Renewables supplied 49.9% of gross electricity consumption across the EU in 2025, up from 47.5% a year earlier. Since Eurostat began collecting comparable data in 2004, the share has risen from 15.9%.

Austria recorded the highest share at 90.8%, followed by Sweden at 89.2%. Denmark generated 77.7% of its electricity from renewable sources, followed by Portugal at 65.6%, Greece at 60.9% and Spain at 60.7%.

Overall Energy Transition Still Has Work Ahead

Renewables accounted for 26.2% of the EU’s gross final energy consumption in 2025, up from 25.2% in 2024 and 9.6% in 2004.

Despite the increase, the bloc remains below its legally binding target of 42.5% by 2030. According to Eurostat, achieving that goal will require an average annual increase of 3.3 percentage points between 2026 and 2030.

Sweden recorded the highest overall renewable energy share at 65.4%, followed by Finland at 53% and Denmark at 48.2%. Belgium recorded the lowest share at 14.9%, followed by Slovakia at 16.3% and Ireland at 17.2%.

Heating And Cooling Also Show Steady Progress

Renewable energy accounted for 27.4% of heating and cooling across the EU in 2025, the highest level since comparable records began in 2004. The share increased by 0.7 percentage points from 2024, slightly below the long-term annual average increase of 0.75 percentage points.