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As Elon Musk's politics rises, Tesla loses 54% value since Election Day
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As Elon Musk's politics rises, Tesla loses 54% value since Election Day

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Amid extremist politics of Elon Musk, his electric vehicles company Tesla has seen 54% of its value fall since the highs in the weeks after the Election Day, with stock falling by 15% yesterday alone
The article from Firstpost discusses the significant decline in Tesla's market value, which has dropped by 54% since the U.S. election day in November 2021. This downturn is attributed to several factors including Elon Musk's increasing involvement in politics, which has potentially distracted from his focus on Tesla. Musk's controversial political statements and his acquisition of Twitter have led to concerns among investors about his divided attention. Additionally, Tesla faces operational challenges such as production issues, increased competition in the electric vehicle market, and broader economic conditions like rising interest rates affecting consumer spending. The article also notes that Tesla's stock has been volatile, with Musk's actions and statements often correlating with sharp movements in stock price, highlighting the intertwining of his personal brand with Tesla's corporate image.

Read the Full Firstpost Article at:
[ https://www.firstpost.com/world/as-elon-musk-politics-rises-tesla-loses-54-per-cent-value-since-election-day-13870657.html ]