Ignoring Tesla's Stock Plunge, Musk Remains Committed to Leading the Government Efficiency Department!
TradingKey - Despite Tesla's stock plummeting over 40% this year, Musk continues to dedicate his efforts to the DOGE department.
On Monday, Tesla's stock plummeted more than 15%, marking its largest single-day drop in five years and temporarily trading at $222. Year-to-date, Tesla has declined by 41%, completely erasing its gains since Trump's election and returning to its lowest level since last November.
Tesla Stock Price Chart, Source: Google.
Tesla's stock crash has captured market attention, with one post highlighting the timeline of Tesla's largest single-day drops in history. Musk responded, "In the long term, everything will be fine."
Musk's Response to Tesla's Plunge, Source: X.
Additionally, Musk acknowledged in an interview that he faces significant challenges in managing his businesses. However, this does not change his commitment to leading the Government Efficiency Department (DOGE). Musk stated, "I will continue to push for a leaner U.S. federal government and broadly improve government efficiency."
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