Tesla shares drop over 15%, Musk struggling to manage
Tesla shares dropped over 15% on Monday, reaching their lowest price since October. Elon Musk stated in a Fox Business interview that he is managing his companies "with great difficulty" while also engaging in political activities. Musk's net worth fell by $22.8 billion to $319.6 billion, but he remains the world's richest person. Concerns have been raised about his focus on Tesla and other companies amid his political commitments. New York City’s comptroller, Brad Lander, expressed worries that Musk is not fully dedicated to Tesla's leadership. He suggested that Musk should appoint a full-time CEO to ensure the company's success in the electric vehicle market.