Elon Musk blames Democrats for Tesla's stock decline

economictimes.indiatimes.com

Elon Musk has accused the Democratic Party of causing Tesla's stock decline, which has dropped from $1.54 trillion to $777 billion. He claims political actions, including boycotts and protests, are behind this significant market loss. Musk's comments reflect his shift away from supporting Democrats, whom he now describes as a party of division. He has drawn parallels between his situation and that of former President Donald Trump, suggesting a personal vendetta against him. Tesla faces challenges beyond stock issues, including a growing consumer boycott linked to Musk's political views. Prominent Democrats are distancing themselves from Tesla, further complicating the company's recovery efforts.


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