Concerns arise over Elon Musk's increasing time spent on Dogecoin, which may detract from his responsibilities at Tesla. Analysts suggest Musk’s Doge activities and political alliances could alienate Tesla customers. Protests in cities like Portland and Chicago echo these sentiments, with activists calling for a boycott due to perceived negative influences on democracy and equity. Critics argue that Tesla’s valuation is overstated and that diminished sales might heavily impact the company's financial health, prompting further consumer withdrawal and potential share price drops for Musk.
The worry of the Street is that Musk dedicating so much time-even more than we expected-to Doge takes away from his time at Tesla.
Every Tesla sale that you prevent, every dollar not spent servicing a Tesla, not charging at the Supercharger-these further degrade the business.
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