Musk struggles with business management as Tesla shares fall

reuters.com

Elon Musk stated he is struggling to manage his businesses while working with the Trump administration. This comes as Tesla's stock fell 15% to $222.15, losing $130 billion in market value, its lowest since October. The decline in Tesla's shares has raised concerns among investors about Musk's focus on his companies, including SpaceX and xAI. Protests against Tesla have emerged, particularly in Europe, where sales dropped 45% in January. Musk's political activities may be impacting Tesla's performance, as overall electric vehicle sales increased while Tesla's sales declined for the first time last year. Increased competition from other automakers is also a factor.


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