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Tesla Stock Is Down As Musk's DOGE Role Changes Some Buyers' Minds

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Tesla stock is down 46% below its December 2024 high, notes CNBC, a $677 billion loss in market value. Last year Tesla shipments fell as Musk's DOGE work hurts the brand.
The article from Forbes, published on March 7, 2025, discusses the impact of Elon Musk's involvement with Dogecoin on Tesla's stock price. Tesla's stock experienced a decline as some investors reconsidered their positions due to Musk's active promotion and engagement with Dogecoin, a cryptocurrency known for its meme origins. Musk's actions, including tweeting about Dogecoin and hinting at its integration into Tesla's payment systems, have led to concerns about his focus and the company's direction. This has caused a segment of Tesla's investor base to question Musk's leadership and the potential distraction from Tesla's core business of electric vehicles and sustainable energy. The article highlights the tension between Musk's entrepreneurial antics and the expectations of traditional investors looking for stability and growth in Tesla's stock.

Read the Full Forbes Article at:
[ https://www.forbes.com/sites/petercohan/2025/03/07/tesla-stock-is-down-as-musks-doge-role-changes-some-buyers-minds/ ]