Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Military businessman Elon Musk spoke during a meeting of the Town Hall at the KI Conference Center on March 30, 2025 in Green -Bey, Wisconsin.
Scott Olson | Gets the image
Tesla CEO Elon Musk said on Sunday that his participation in the Trump administration could harm the carmaker’s shares.
Speaking at the Town Hall in Wisconsin, Musk stated that his role in the so-called government efficiency, which pushes for a broad reduction of government jobs-strata-resolution against his campaign electric vehicles and harms the actions.
“What they are trying to do is put on me massive pressure and I guess Bloomberg News. “My Tesla shares and the stock of everyone who holds Tesla went around half. I mean it’s a big deal.”
Tesla’s shares have already decreased by more than 34% on Monday, and the shares were almost half the peak in December. Monday shares decreased by 6%.
Tesla shares are trading just over half its high level since December.
The fall in the shares can be a “buying opportunity” for the long -term perspective, said Musk, which was in Wisconsin ahead of the Supreme Court’s election. Musk conducted a campaign for the candidate for the conservative and spent over 12 million dollars In addition to giving $ 1 million for two voters at a rally on Sunday for signing a petition against “activist judges”.
Falling stocks is not the only sign of public anger with Musk for his political work. Participants of the action Demonstrated in Tesla dealers last weekend and there were reports of vandalism against vehicles and dealers across the country.
The role of Musk in politics is not limited to Dogel. He publicly campaigned with Trump in 2024 and was a regular presence in the White House since the new administration in January. It also regularly comments on many different political topics on the X, the social media company that it owns.
The growth of the political profile of the CEO comes against the backdrop of the fact that the main business Tesla is slowing down. Car car Deliveries fell in 2024and the previous data showed that Sales are re -decreased Earlier this year, especially in Europe. In the customer’s note on Sunday Investment firm Stifel cut the target price At the stock and downgraded its projections for Tesla.
Moscow political affairs may not be the only reason for Tesla’s fight. Other American autops They also worked in recent weeks, partly from the threats to raise tariffs for imported goods in the US and retaliation from foreign trading partners, adding the uncertainty of the industry, the supply networks of whose densely woven among the US, Canada and Mexico.
