Tesla, the largest EV maker in the world, has been going through a period of decline lately.
The company shares slumped by over 4 per cent in the trading session on Monday, March 18.
Not just that, the company shares have seen a major decline of 32.79 per cent or USD 116.10 in just a month.The company shares declined by over 4 per cent in the trading session on Monday, March 18.
Not just that, the company shares have seen a major decline of 32.79 per cent or USD 116.10 in just a month.
Tesla Shares Tank
This has taken the overall value of the stocks of the EV maker to USD 238.01 per piece.
This comes at the back a major backlash against Elon Musk and Tesla, his biggest source of wealth amid his policies exhibited through Musk’s Department of Government Efficiency or DOGE.
Musk Under Pressure
Musk and his company have also come under fire and immense pressure, as sales have also seen a drop.
Is Elon Musk regretting his actions? Given the impact they have had, and continue to have on the company.
While speaking with Fox Network, Musk seemed visibly circumspect of the situation at hand. While taking to Larry Kudlow, Musk did not seem to replicate his usual pompous self.
To Kudlow’s question on how Musk is running his business, Musk appeared jittery.
Kudlow asked of Musk, “You’re hearing a call to action. Yeah. You’re giving up your other stuff? I mean, how are you running your other businesses?”
With Great Difficulty
Musk replied to it by saying, “With great difficulty.”
While being visibly beleaguered by the situation, Musk went onto to talk about DOGE and his work there, thereby not directly engaging with question of Tesla protests.
Musk said, “Yeah, I mean… But there’s no turning back, you’re saying? I’m just here trying to make government more efficient, eliminate waste and fraud, and so far we’re making good progress, actually.”
Thanks to Tesla recent decline, Musk own personal wealth has also suffered. The X CEO’s net worth currently stands at around USD 328.5 billion, far behind the figures inching closer to the USD 400 billion mark.
