Category: Business
Subcategory: Performance
Tag: Elon Musk, Tesla, Trump, Stock Performance, Backlash
Overview: The recent backlash against Tesla and its CEO, Elon Musk has affected the company’s stock performance, causing a nearly 7% drop. This can likely be attributed to Musk’s departure from a promised “short-seller initiative” and claims that production is going smoothly. Additionally, a request for an urgent phone call from the Securities and Exchange Commission earlier this month has many analysts anticipating an announcement on legal action. These factors have led to increased pressure for Musk to change his leadership style and improve the company’s financial performance.
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