Tesla has experienced a significant drop in stock price, falling 34% this year, largely attributed to CEO Elon Musk's political activities. His support for right-wing politics is believed to have hurt Tesla's reputation and sales in both the US and European markets, with sales data indicating significant declines. Despite this, Musk claims that Tesla is fundamentally an AI and robotics company, which may help secure its place in the evolving tech landscape. However, concerns about leadership stability persist, especially given Musk's absence from day-to-day operations.
Musk's political alignment has negatively impacted Tesla sales in the US and Europe, leading to a stock drop of 34% this year. Investors worry about Tesla's leadership amid his distractions.
Jensen Huang of Nvidia praised Tesla's advancement in AI-powered vehicles, stating it is 'far ahead' of competitors, yet operational challenges with Full Self-Driving technology remain.
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