Musk says juggling DOGE and CEO jobs is difficult, as Tesla shares slump

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Thu, March 13, 2025

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Musk says juggling DOGE and CEO jobs is difficult, as Tesla shares slump

//business-finance.news-articles.net/content/202 .. ceo-jobs-is-difficult-as-tesla-shares-slump.html

Published in Business and Finance on Monday, March 10th 2025 at 18:21 GMT by Reuters

Elon Musk is running his businesses "with great difficulty" while working with the Trump administration, the Tesla CEO said on Monday in an interview with Fox Business. His remarks followed Tesla losing $130 billion in stock market value in a broad selloff on Wall Street that left the electric car maker's shares at their lowest since October.

Elon Musk has acknowledged the challenges of managing his roles at Tesla and Twitter, especially as Tesla's stock has experienced a significant decline. In a recent interview, Musk discussed the difficulties of juggling his responsibilities, particularly with the added pressure from his involvement with Dogecoin, a cryptocurrency he has publicly supported. Tesla's shares have slumped, dropping over 65% from their peak in November 2021, amidst concerns about Musk's divided attention, production issues, and broader economic factors like rising interest rates. Musk's comments come at a time when investors are increasingly worried about his focus, with some even calling for his resignation from Twitter to concentrate on Tesla. Despite these challenges, Musk remains optimistic about Tesla's future, emphasizing the company's long-term potential in the electric vehicle and renewable energy markets.

Read the Full Reuters Article at:
[ https://www.msn.com/en-us/money/economy/musk-says-juggling-doge-and-ceo-jobs-is-difficult-as-tesla-shares-slump/ar-AA1AE4K4 ]

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