Elon Musk, CEO of Tesla, faces criticism from shareholders who believe his recent focus on White House activities, including interaction with President Trump, distracts him from managing the company effectively. This diversion coincides with a significant drop (over 17%) in Tesla's stock prices within a month. Despite a brief recovery, many investors want Musk to prioritize Tesla, which plays a crucial role in the electric vehicle sector and holds a remarkable $1 trillion market cap, amid rising national debt concerns.
But On The Money has learned that many shareholders of the company he runs, that would be the big EV-maker Tesla, are saying enough!
When I asked one hedge fund manager if he thought Musk was too distracted to properly run Tesla, he remarked "indeed."
Exposing the waste of US taxpayer money on transgender dance festivals in Bangladesh is long overdue when you're running a deficit of nearly $2 trillion annually.
Tesla isn't just any old EV company. It has a market cap of more than $1 trillion, making it one of the most valuable companies in the world.
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