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Tesla Stock Down Over 20% Since Trump's Inauguration: Most Retail Traders See Musk's Politics As A Major Drag

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Tesla Inc. shares have plunged more than 22% since Donald Trump's presidential inauguration on Jan. 20, reflecting waning market confidence in the EV giant. CEO Elon Musk remains a busy man, juggling leadership roles at SpaceX,
The article from MSN discusses the significant decline in Tesla's stock value, which has dropped over 20% since former President Donald Trump's inauguration. This downturn is attributed to several factors, including Elon Musk's political activities and statements, which many retail traders perceive as a major drag on the company's image and performance. Musk's involvement in politics, particularly his support for controversial figures and his outspoken views on social media, has led to a loss of confidence among investors. Additionally, the article notes that Tesla faces increased competition in the electric vehicle market, operational challenges, and broader market dynamics, all contributing to the stock's poor performance. Despite these issues, some investors remain optimistic about Tesla's long-term prospects due to its innovation and market position in the EV sector.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/tesla-stock-down-over-20-since-trump-s-inauguration-most-retail-traders-see-musk-s-politics-as-a-major-drag/ar-AA1yTLy8 ]