Tesla investors at a loss as Elon Musk drags down stock price: ‘This time it feels different’

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Tesla finds itself in uncharted territory, now that it appears to have lost its aura of infallibility, leaving punters in the dark about its outlook.

Now, his firm only has about two-thirds of the stock it originally held, which he bought a decade ago for an average of $11- $12.“Everyone has to deal with certain clientele,” Ron Baron told CNBC, quickly adding he did not sell any from his own personal holdings.

Asset manager Ron Baron continues to believe in the entrepreneur, but he too was forced to sell Tesla last month at the direct behest of his clients.

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Article Details

Author / Journalist: Christiaan Hetzner

Category: EconomyBusiness

Markets: United States

Topics: Asset Management Fortune 500 Anti-semitism Fortune 500 Companies Autos Donald Trump Elon Musk Electric vehicles Tesla

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-22 @ 21:00:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 1019 words

Reading Time: 6 minutes read

Sentences: 4 lines

Sentence Length: 255 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27243966

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Official Website: fortune.com

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