Elon Musk's return to Tesla in May initially boosted investor enthusiasm, reflected in an increase in share prices. However, the stock price later slumped, dropping to around $300 after reaching $360. Factors contributing to this decline include threats from President Trump regarding government subsidies and rising anti-Musk sentiment impacting sales and finances. Musk had previously vowed to reduce political spending but continues to face challenges, including technical issues with Tesla's robotaxi service, raising concerns about the company's future performance.
Tesla's shares have fallen more than 11 percent over the last month alone, indicating that Musk's step back from the political world hasn't impressed investors.
The company's share price was hovering around $340, surging up to $360 as Musk came back, but it's slumped to around $300 more than a month later.
Collection
[
|
...
]