Tesla's stock value has dropped nearly 25% over the past six months, despite a small uptick of 2.5% on July 8. Senior executives would typically be concerned over such performance, but Elon Musk shows no public signs of worry. Even though he is the largest shareholder with a 12.75% stake, he lacks voting control. This situation implies that shareholder sentiment could influence his position, despite the improbability of his removal from the company.
Despite being the world's richest man, Musk is not untouchable at Tesla. He is the largest shareholder, with a 12.75% stake, but that doesn't grant him voting control.
While the stock was up 2.5% in midday trading on Tuesday, July 8, it remains down for the month and has lost nearly 25% of its value over the past six months.
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