Last year, Tesla suffered a near 17 per cent drop on its 2023 vehicle sales figures in Australia: the decline could steepen this year as cheaper Chinese imports – BYD, Zeekr, GWM – flood the market. That said, “many of our members still love their Teslas, despite what they may think of the CEO,” says Jones. Greg Callaghan

Now worth well over $395 billion, Elon Musk’s wealth soared by another $10 billion today. All as Tesla (NASDAQ:TSLA) – which now has a market cap of $1.1 trillion – rockets about 4%, or $13.45 higher on the day.

Why did Elon Musk sell $5 billion worth of Tesla stock? Was it for taxes, investments, or something bigger? Dive into the real reasons behind this massive sale and what it means for Tesla’s future and the stock market!