Elon Musk Faces Investor Backlash as Tesla Stock Plummets
Elon Musk is under fire from Tesla investors as the company's stock tumbles. His political involvement and declining sales are raising concerns. Here’s what’s happening.
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Tesla's biggest investors are growing frustrated with Elon Musk’s political involvement.
Since taking a role in President Trump’s administration, Tesla’s stock has dropped 38% this year.
Major investors like Ross Gerber and Christopher Tsai are calling for Musk to either refocus on Tesla or
step down as CEO.
Tesla is struggling globally, with sales dropping 1.1% in 2024—the first decline in over a decade.
In China, Tesla shipments fell 49% year-over-year, and in Germany, sales plummeted 76% due to Musk’s controversial political
stance.
Used Tesla prices are also falling faster than the market average.
Wall Street analysts are alarmed.
JPMorgan analysts wrote, 'We struggle to think of anything analogous in the history of the automotive industry, in
which a brand has lost so much value so quickly.' Meanwhile, Tesla’s stock has erased all of its
post-election gains, and Musk’s net worth has dropped by $121 billion.
With investors losing patience and Tesla’s market position weakening, the pressure is on Musk to make a decision.
Will he step back from politics and refocus on Tesla, or will the company continue to struggle?
The future of Tesla hangs in the balance.
