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Tesla Stock Continues Nosedive Grow Increasingly Worried About “Musk Effect”

Tesla Stock Continues Nosedive Grow Increasingly Worried About “Musk Effect”

Tesla stock wracked up its sixth straight loss on Thursday, reaching its lowest point since the automaker’s shares surged in the wake of the 2024 presidential election and CEO Elon Musk’s close ties to Donald Trump. Musk’s role in the new Trump administration has been a key factor in the downturn, but analysts warn of other issues that could make it difficult for Tesla to bounce back.

Tesla Stock Plunges — And Delivers a Mega-Billion-Dollar Hit to Musk’s Fortune

Tesla Stock Plunges — And Delivers a Mega-Billion-Dollar Hit to Musk’s Fortune

Sometimes you can’t wait for the day to end, and that’s probably the case for Tesla investors who watched the stock stumble since the automaker delivered a weak third-quarter earnings report, sending shares tumbling for two days in a row. Among those hardest hit, CEO Elon Musk whose own holdings have now lost more than $20 billion in value.