A recent incident involving Elon Musk’s ex-partner, Ashley St. Clair, has sparked controversy. St. Clair, who claims to be the mother of Musk’s child, was seen selling her $100,000 Tesla Model S outside her Manhattan apartment. This comes after Musk allegedly reduced child support payments by 60%.
Background on the Incident
St. Clair stated that she needed to sell the car to make up for the reduced child support payments, saying “I need to make up for the 60% cut that Elon made to our son’s child support.” When asked if Musk was being vindictive, she responded, “Well, that’s his modus operandi, when women speak out. You can check the stocks, I’m not the only one who is cleaning up after his messes.”
Reaction from Ross Gerber
Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management, publicly criticized Musk on social media, stating “You know things are bad… even his baby momma sold her Tesla to support her child with him. And he thinks people need to be paid to protest.”
Elon Musk’s Response
Musk addressed the allegations, saying “I don’t know if the child is mine or not, but am not against finding out. No court order is needed. Despite not knowing for sure, I have given Ashley $2.5M and am sending her $500k/year.”
Impact on Tesla
This incident comes amid other challenges for Tesla, including reported vandalism against company properties. Investor Chamath Palihapitiya has suggested that these incidents may be part of an organized effort to pressure Musk to walk away from his role in the Department of Government Efficiency. Tesla’s stock has declined approximately 45% since December, with the company reporting its first annual sales decline in 2024.
Market Analysis
According to market trends, Tesla maintains a positive long-term price trend despite lacking strong valuation metrics and short-to-medium-term momentum. The company’s stock performance has been affected by various factors, including the recent decline in tech stocks.
Conclusion
The controversy surrounding Elon Musk’s personal life has sparked a heated debate. While Musk has addressed the allegations, the incident has raised concerns about his personal and professional life. As the situation unfolds, investors and fans will be watching closely to see how it affects Tesla’s stock performance and Musk’s reputation.