Tesla and Truth Social's parent company, Trump Media & Technology Group, have seen dramatic declines in their stock values since Trump's inauguration, highlighting overvaluation and financial instability. TMTG's stock was buoyed during Biden's presidency but has suffered heavily now, exacerbated by poor revenue and significant losses. With multiple executive stock dumps and lawsuits hinting at mismanagement, investor confidence diminishes as the stock continues to plummet amidst recession fears fueled by Trump's policies.
Tesla's shares are down 45 percent since Trump was inaugurated, and so is Truth Social's owner TMTG, which has lost half its value in the same period.
Trump Media has revealed enormous losses of $400 million with a meager revenue of $3.6 million in 2024, showing its stock isn't grounded in any profitable business.
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