Since the beginning of 2024, Elon Musk and his Tesla Group have faced significant challenges, encountering numerous unforeseen events and issues that resulted in a continuous decline in Tesla's stock price. Meanwhile, his long-time rival Mark Zuckerberg has thrived, recently surpassing Musk to become the world's third-richest individual due to a surge in his stock.
According to statistics from relevant organizations, as of now, Zuckerberg's net worth has reached $175 billion, while Musk has fallen to $174 billion. This is primarily due to the significant divergence in the development of their main assets.
Tesla's stock has plummeted to a new 52-week low in recent months, but Zuckerberg's META Group's stock has hit an all-time high. This has led to an increase of $47.3 billion in Zuckerberg's assets since the beginning of the year, whereas Musk's assets have decreased by $55.2 billion.
Musk had been significantly ahead of Zuckerberg for some time, and their public spats on social platforms have fueled comparisons between the two. Recently, the situation has shifted, with META's stock rising more than 46% since the beginning of the year, while Tesla's has fallen by over 40%, resulting in a reversal of fortunes between the two.
META's recent surge is largely due to its impressive performance and new policies that have sparked market enthusiasm and confidence. Its fourth-quarter profits and the launch of a dividend policy have been well received by the market, which also highly recognizes the potential of its core business in the AI era, possibly positioning it as the next benefactor.
In contrast, Tesla has faced myriad issues recently, including declines in sales, production, deliveries, and profitability, forcing it into a price war. The market outlook for Tesla is not very optimistic, with several organizations lowering their ratings and stock price forecasts.
