Investors are unhappy with Elon Musk's focus shifts
Tesla's stock has dropped 55% since mid-December, raising concerns among investors about CEO Elon Musk's focus. Analysts note he is spending significant time on other ventures, including his work in Washington, D.C., and cryptocurrency. Investor dissatisfaction is evident, with a recent poll showing 60% believe Musk's attention on non-Tesla activities is harming the company. Some suggest promoting a senior manager to help steer Tesla while Musk is preoccupied. Despite the turmoil, some analysts believe Musk will remain CEO for several more years. They argue that Tesla's future value relies on innovations in autonomous technology rather than current vehicle sales.