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.

  • jumperalex@lemmy.world
    link
    fedilink
    English
    arrow-up
    6
    arrow-down
    3
    ·
    1 day ago

    I won’t totally disagree. But a lot of employees will lose their jobs and an innovative competitor would leave the market. Maybe a middle ground would be like, a hostile takeover bid that also merged them with Rivian or something. Then a rename to “eXla” just to fuck with Elon :)