Overview

• Tesla's stock has dropped 30% since December, contributing to a $106 billion decline in Elon Musk's net worth.
• The company reported its first year-over-year sales decline in over a decade, with significant drops in key markets like California and Europe.
• Musk's focus on government roles and autonomous vehicle ventures has sparked debate among investors about his leadership and priorities.
• Tesla plans to launch a robotaxi test program in Austin, Texas, in June, but faces stiff competition from rivals like BYD and Waymo in self-driving technology.
• Critics have raised concerns about Tesla's governance, including the board's lack of action to address Musk's divided attention and leadership challenges.