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Valuation Resurgence for Musk's X
2025-03-19 23:19:09
Automotive
Business
Finance

Valuation Resurgence for Musk's X

Elon Musk's social media platform, X, has reclaimed its original $44 billion valuation, a significant rebound from a previous 80% decline. This resurgence is attributed to a recovery in advertising revenue, with major companies like Amazon increasing their spending on the platform.

Investors, including notable firms such as Fidelity Investments, have adjusted their valuation from a mere $10 billion to align with Musk's initial purchase price. Furthermore, Musk's strategic move to offer a stake in his AI startup, xAI, has bolstered investor confidence.

Despite this positive turn for X, Musk faces challenges as Tesla's sales plummet. Additionally, investigations into arson at Tesla facilities highlight ongoing turbulence in Musk's business ventures.

Related news on that topic:

Tesla Faces Growing Controversy and Declining Sales

Tesla is currently grappling with significant backlash, particularly in Canada, where the company has been banned from the Vancouver auto show. This controversy stems from CEO Elon Musk's political affiliations and actions, leading to protests and vandalism at Tesla facilities. As a result, the company's reputation has suffered, contributing to a notable decline in sales and plummeting used vehicle prices. The market is shifting as competition intensifies, with Tesla's stock down 44% year-to-date. Musk's controversial support for political figures has further fueled criticism, prompting accusations of domestic terrorism against those targeting Tesla properties. Amidst these challenges, the company's massive fanbase is waning, signaling a potential turning point for the iconic automaker.

Navigating Challenges: Tesla's Current Landscape

Elon Musk's leadership at Tesla faces significant challenges as stock prices plummet and public sentiment grows increasingly negative. Despite a recent stock uptick, shares have fallen 34% this year, prompting Musk to urge employees to hold onto their investments. Amidst this turmoil, some investors remain optimistic, viewing the stock decline as an overreaction and an opportunity for growth, particularly in Tesla's advancements in AI and autonomous driving. However, dissenting voices like longtime investor Ross Gerber call for Musk to step down, citing concerns about his divided attention between Tesla and political commitments. As trade-ins of Tesla vehicles reach a record high due to customer dissatisfaction and competition, the company must carefully navigate these turbulent waters. Musk's public messages of optimism highlight the company’s innovations, yet Tesla's reputation and market position remain fragile, requiring strategic focus to regain consumer confidence.

The press radar on this topic:

Yahoo News
19. März 2025 um 17:33

X finally valued at $44 billion, the exact sum Elon Musk paid for the social media site in 2022

Elon Musk, who is now President Donald Trump's "first buddy" and is in charge of the administration's dismantling of the federal government, purchased X (formerly Twitter) for $44 billion in 2022. Investors, including Andreessen Horowitz, Sequoia Capital, 8VC, Goanna Capital, and Fidelity Investments, are now valuing the social media platform at the same $44 billion amount, representing a rebound from an earlier 80% drop in valuation. This turnaround is likely due to a rebound in advertising r..
The Guardian
19. März 2025 um 11:33

Value of Elon Musk’s X ‘rebounds to $44bn purchase price’

Elon Musk's X rebounded to its original $44bn purchase price after a dramatic reversal of fortunes. The valuation increase comes despite Musk loosening moderation policies on the platform, which led to advertiser boycotts from companies like Unilever, Mars, and CVS Health. In fact, Fidelity Investments had previously valued X at just $10bn in September 2022 but now recognizes its worth as initially established by Musk's $44bn purchase price. Meanwhile, xAI has obtained a valuation of $45bn, pr..
TechCrunch
19. März 2025 um 17:31

Elon Musk’s X reportedly bounces back to $44B valuation

X, formerly Twitter, has seen its valuation bounce back to $44 billion after Elon Musk's $44 billion acquisition. However, a Bloomberg report states X raised $1 billion in an equity raise, valuing it at $32 billion. Fidelity Investments previously estimated X's valuation below $10 billion. Despite revenue drops, X posted $1.2 billion in adjusted earnings for 2024, similar to pre-acquisition levels, per the Financial Times, indicating a sharp turnaround in finances. Musk himself participated in..
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