An illustration of the X logo next to a black-and-white sketch of Elon Musk
Elon Musk renamed Twitter as X.
  • Tesla's stock is down more than 10% in the past year, and Elon Musk's net worth has also fallen.
  • As Tesla struggles, Musk appears to be fortifying his other businesses.
  • Lately, the social-media platform X has begun to look more like regular old Twitter.

Tesla has been losing its luster this year as demand for electric vehicles wanes and pressures in China mount.