Musk struggles with multiple CEO roles as Tesla falters
Elon Musk stated he is struggling to manage his businesses while also 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 involvement 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 affecting the market.