Elon Musk revealed in a recent interview that managing his businesses, especially Tesla and SpaceX, while collaborating with the Trump administration has been challenging. He expressed his determination to improve government efficiency by eliminating waste and fraud. However, his comments came amidst troubling news for Tesla, as the company's stock plummeted by 15%, marking its most significant single-day loss since 2020 and a staggering 55% drop from its December peak, which has alarmed investors.
I'm just here to make government more efficient, eliminate waste and fraud, and so far we're making good progress.
With great difficulty, I’m running my businesses while also taking on a major government overhaul effort.
Tesla stock declined 15% on Monday, it’s largest single-day drop since 2020, raising concerns among investors.
The stock is down 55% from a high in December, causing significant concern among investors.
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