CEO Elon Musk has been highly preoccupied with his new position at the so-called Department of Government Efficiency (DOGE), leaving investors to wonder about Tesla’s future. As share prices have fallen,
Elon Musk has long been credited with turning Tesla into a beacon of innovation, the visionary who pushed the world into an era of electrification. But
Ross Gerber said Tesla's brand crisis spanned far beyond Elon Musk's involvement at the White House DOGE office.
Musk's presence on the political scene has greatly—and negatively—impacted Tesla. Since Tesla stock hit an end-of-day record of $464 billion on December 17, closing at an all-time high of $480 per share, Musk's fortune has decreased by $121 billion.
2don MSN
The Tesla CEO acknowledged his DOGE activities are impacting the electric vehicle maker's stock price amid boycotts and protests.
"I think these are the worst quarterly production & delivery numbers I've ever seen for Tesla," wrote Omar Qazi, better known as @WholeMarsBlog.
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As it stands, Musk and Tesla are contending with recalls, protests, a 13% drop in sales and looming tariffs — so why is its stock rallying?
The timing of the lawsuit is interesting as it comes when Musk's other companies Starlink and Tesla have just begun making inroads into India with their business plans.
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