Elon Musk Voted 'Most Overrated CEO' for Second Year

Musk's Reputation Suffers Amid Tesla's Financial Struggles and Controversial Management of Social Media Platform X

Elon Musk, CEO of SpaceX and Tesla, has been voted the 'Most Overrated CEO' for the second consecutive year in a survey conducted by Fortune, which included executives, businesses, directors, and industry analysts.
Musk's reputation has suffered due to his tendency to overpromise and underdeliver, with Tesla's self-driving capabilities and plans for a city on Mars being prime examples.
Tesla's stock value has dropped by 25% in 2023, erasing $80 billion in market value, due to disappointing investors with slowing sales growth and increased competition, particularly in China.
Musk's acquisition of social media platform X, formerly Twitter, has also been criticized for promoting far-right conspiracy theories and racist beliefs, causing advertisers to withdraw and leaving the company in financial difficulty.
Despite these setbacks, Musk continues to maintain a busy schedule running multiple companies, and his ambitious goals for space exploration and electric vehicles continue to generate attention.