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Tesla is suffering as CEO Elon Musk's influence in the U.S. government grows.

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Tesla's turbulent February, marked by a significant stock decline, highlights the growing backlash to Elon Musk's political role.
Elon Musk's net worth plummeted by $103 billion as Tesla's stock value sank following a series of controversial statements he made in Washington, D.C. on March 7, 2025. During a meeting with policymakers, Musk criticized government regulations and made unfounded claims about Tesla's autonomous driving technology, leading to a significant loss of investor confidence. The stock drop not only affected Musk's personal wealth but also raised concerns about Tesla's future market position and its ability to meet production and innovation targets amidst increasing competition in the electric vehicle industry.

Read the Full Fortune Article at:
[ https://fortune.com/2025/03/07/elon-musk-washington-teslas-stock-sinks-net-worth-down-103-billion/ ]