Elon Musk admits he's juggling DOGE and his other businesses 'with great difficulty' as Tesla shares tank 54% since December

Politics and Government Politics and Government

Wed, March 12, 2025

[ Wed, Mar 12th ] - collider

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Xi Jinping used 'a human Chinese wall' of soldier .. ct between him and Mark Zuckerberg, new book says

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Elon Musk admits he's juggling DOGE and his other .. fficulty' as Tesla shares tank 54% since December

Elon Musk admits he's juggling DOGE and his other businesses 'with great difficulty' as Tesla shares tank 54% since December

^{Published on 2025-03-12 00:41:08 - Fortune}

Elon Musk reassured ruffled Tesla shareholders that the business would be "fine" in the long term as it suffers a boycott
but admits running the company and working on DOGE is a challenge.

Elon Musk has acknowledged the challenges he faces in managing Tesla, as the company's stock has plummeted by 54% since December. Despite the significant drop in share value, Musk remains optimistic about Tesla's long-term prospects, asserting that the electric vehicle maker will ultimately thrive. He attributes the current difficulties to broader economic conditions, increased competition in the EV market, and his own divided attention due to commitments with other ventures like SpaceX and Twitter. Musk's comments come at a time when Tesla is dealing with production issues, regulatory scrutiny, and a broader market shift towards electric vehicles, yet he reassures investors and the public of Tesla's resilience and future success.

Read the Full Fortune Article at:
[ https://www.msn.com/en-us/money/companies/elon-musk-admits-he-s-running-tesla-with-great-difficulty-as-shares-tank-54-since-december-but-says-ev-maker-will-be-fine-long-term/ar-AA1AGpaQ ]

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