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Tesla Faces Stock Decline and Investor Concerns Over Musk's Dual Roles

Elon Musk's political involvement and Tesla's challenges in EV sales and self-driving technology raise questions about the company's future.

  • 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.
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