Tesla shares drop 15% following Elon Musk's comments

Tesla shares fell 15% to $222.15, losing $130 billion in market value in one day. This decline follows Elon Musk's admission that managing Tesla and his other businesses has become difficult amid political and market challenges. Musk's involvement with the Trump administration and his role in a federal spending initiative have raised concerns about his focus on Tesla. Investors worry that his political commitments are impacting the company's performance and reputation. Sales in Europe dropped 45% in January, despite a rise in overall electric vehicle sales. Protests against Musk's political activities have also occurred, including demonstrations urging consumers to boycott Tesla.