Elon Musk told Fox Business in an interview that aired Monday he was running his various businesses “with great difficulty,” making the statement as Tesla shares fell to a five-month low and while he spends time as a key figurehead in the Trump administration's Department of Government Efficiency.
Electric vehicle company Tesla Inc TSLA landed many deals with cities for vehicles that can be used by police or other government officials over the years.
Tesla's reputation may have taken a hit due to politics, but it's also opened up a new customer base, experts say.
Tesla stock plunged more than 15% on Monday amid headwinds in the EV market as well as broader concerns about a possible recession and uncertainty over Trump's tariffs.
Major U.S. equities indexes plunged on the first day of the new trading week as economic concerns intensified.
Elon Musk is running his businesses "with great difficulty" while working with the Trump administration, the Tesla CEO said on Monday in an interview with Fox Business.
When I previously rated Tesla, Inc. as a “Buy,” I understood and accepted issues relating to near-term business challenges and CEO Elon Musk's bold personality. Musk-related controversy, however, quickly progressed from risk factor to dominant reality. Anti-Musk sentiment is driving sales below what we'd expect from the economy and competition, and it's making investors less willing to focus on TSLA's bright autonomy-based future.
Elon Musk said running his businesses while working closely with the White House hasn't been easy. Tesla's stock declined 15% on Monday, with some investors concerned.
DOGE chief Elon Musk said that he is running his businesses "with great difficulty," as shares of his automotive firm Tesla plummeted in their worst drop in a half-decade. Musk also said during an interview on Fox Business that he expected to remain in the Trump administration for another year.
Tesla Inc TSLA stock is sliding Monday with the overall stock market amid concerns for the company's deliveries and continued protests against CEO Elon Musk and the company.
'The Big Money Show' panel discusses violent protests at Tesla locations and a cyberattack against Elon Musk's X platform. #foxbusiness #bigmoneyshow
After wrapping up its seventh straight losing week on Friday, Tesla's slide continued, with the stock headed for its worst day since 2020. The company has now lost over half its value since peaking on Dec. 17, a drop that's wiped out about $800 billion in market cap.