Q.What Is Happening With My Ponytail Palm?
The leaves on my plant has recently started to droop or be flat. There are 3 bulbs in this pot so I’m not sure if it needs to be repotted or how to revive my plant. There has been new growth at the top but it just doesn’t look right.

Certified GKH Gardening Expert
That appears to be a severe lack of light and overwatering.
Here is an article that will give you information on the care that they require:
https://www.gardeningknowhow.com/houseplants/ponytail-palm/ponytail-palm-care.htm