Tesla's investors are expressing frustration with CEO Elon Musk as the company's stock takes a significant hit. Shares fell for six consecutive days, dropping 25 percent since the year began. This decline coincides with Musk's divided attention, as he cuts funding and engages heavily on social media. Tesla's business fundamentals are weakening, with net profits plunging by 71 percent amidst declining sales, both also compounded by pressure from competitor BYD. As hopes for improvement in 2025 fade, investor concern grows over the company's strategic direction.
In better times, Musk might've been able to write off the tumble as a momentary market fluctuation, but now his divided attention is rubbing investors the wrong way.
Tesla's stock woes are a reflection of ominous business fundamentals, with net profits plunging by 71 percent and revenue from vehicle sales shrinking by over $5 billion.
Some Tesla investors are mocking Musk's threat to fire federal workers, expressing their frustrations through social media about the CEO's focus away from the company.
Despite hopes for a fresh start in 2025, Tesla's stock is down 11.5 percent last month, amidst struggles with competition from companies like BYD.
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