Musk's political role impacts Tesla's stock and sales
Elon Musk has acknowledged difficulties in managing his businesses while involved with the Trump administration. His comments come after Tesla's stock dropped significantly, losing $130 billion in market value in one day and falling 15% to $222.15. Musk's political commitments have raised concerns among investors about their impact on Tesla's leadership. The recent stock decline has erased gains from last year, leading to questions about how his attention is divided between Tesla and government roles. Tesla's sales in Europe have also suffered, dropping 45% in January compared to the previous year, despite overall electric vehicle sales increasing. Protests against Musk's political involvement have occurred, with demonstrations urging consumers to boycott Tesla.