Musk Claims Tesla Stock Suffers Due to His Role in Trump’s Government Efficiency Department
Elon Musk believes his involvement with the Trump administration negatively impacts Tesla's stock performance. At a Wisconsin town hall, Musk stated that his position in the Department of Government Efficiency (DOGE), which advocates for significant government workforce reductions, is generating backlash against Tesla and affecting its stock value. "What they're trying to do is put massive pressure on me and Tesla, I guess, to… stop doing this," Musk said, according to Bloomberg News. "My Tesla stock and the stock of everyone who holds Tesla has gone roughly in half. I mean, it's a big deal." The declining stock isn't the only indicator of public discontent with Musk's political activities. Protesters gathered at Tesla dealerships over the weekend, and there have been reports of vandalism targeting vehicles and dealerships nationwide. Musk's political engagement extends beyond DOGE. He campaigned with Trump during […]
