Summary
Elon Musk lashed out online Monday as Tesla stock plunged over 15%, wiping out its post-election rally and shedding 50% of its value since December.
Investors worried about market declines, recession fears, and Tesla’s growing controversy after Musk’s far-right rhetoric and mass government layoffs.
Musk falsely claimed Democratic donors funded anti-Tesla protests and linked critics to Jeffrey Epstein. He amplified conspiracy theories blaming arson attacks on Democrats.
Despite his efforts, Tesla’s collapse cost Musk $23 billion in a single day.
Oh wow look taking hard political stances is actually bad for business. A fact known for pretty much all of time. I wonder how the self proclaimed genius didn’t see this coming.