politics @lemmy.worldEnglish · 1 day ago

Musk melts down as Tesla stock price plunges

finance.yahoo.com

407

Musk melts down as Tesla stock price plunges

finance.yahoo.com

MicroWave@lemmy.world to

politics @lemmy.worldEnglish · 1 day ago

Musk Melts Down as Tesla Stock Price Plunges

finance.yahoo.com

The electric vehicle company has become a toxic brand as its CEO wreaks havoc in Washington

Summary

Elon Musk lashed out online Monday as Tesla stock plunged over 15%, wiping out its post-election rally and shedding 50% of its value since December.

Investors worried about market declines, recession fears, and Tesla’s growing controversy after Musk’s far-right rhetoric and mass government layoffs.

Musk falsely claimed Democratic donors funded anti-Tesla protests and linked critics to Jeffrey Epstein. He amplified conspiracy theories blaming arson attacks on Democrats.

Despite his efforts, Tesla’s collapse cost Musk $23 billion in a single day.

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I know people driving a Tesla who are unhappy they’re driving a Tesla now because of the musk.

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