Can you believe it? The Tesla stock has plummeted a whopping 26 percent since Elon Musk decided to get all buddy-buddy with Donald Trump and threw out that super classy (not) Nazi salute at Trump’s inauguration party (because who doesn’t love a good Nazi salute, am I right?).
And, let’s be real, Musk’s company, Tesla, was already on shaky ground, but this latest stunt has sent the stock into a free fall, dropping from $424.07 to $290.80 (that’s a $400 billion drop in value, for those keeping track). I mean, who needs a stable stock price when you can have a CEO who’s buddies with a former President, right?
But, seriously, this whole ordeal has got me wondering: what is going on with Elon Musk? Is he trying to sabotage his own company? I mean, first, he goes and throws out a Nazi salute, and then he implements this whole Department of Government Efficiency thingy, which, let’s be real, sounds like a total bureaucratic nightmare.
And don’t even get me started on the employees at Tesla who are apparently getting pretty fed up with Musk’s antics. I mean, who can blame them? The sales in Europe have plummeted, and it’s not like Musk is exactly focused on the company anymore, what with his many other ventures and all.
But, I guess that’s what happens when you’ve got a CEO who’s more interested in playing politics than actually running a successful company. And, let’s be real, Musk’s net worth is taking a hit, too – we’re talking a potential loss of over $50 billion (that’s a lot of Tesla merchandise).
And, can we talk about how shareholders are starting to get a little nervous? I mean, who wouldn’t be? The stock is tanking, and Musk is over here throwing Nazi salutes and whatnot. It’s like, hello, Musk, focus!
But, I guess that’s just the price you pay when you’re a billionaire with a bad habit of making poor life choices. And, hey, at least the Tesla stock is still worth something, right? (I mean, it’s not like it’s going to go down to, say, $0 or anything… although, at this rate, who knows?).
And, in other news, the American Federation of Teachers is calling for the CEOs of six asset managers to review Tesla’s valuation as part of retirement funds. Yeah, because that’s exactly what Musk needs – more people questioning his life choices.
But, hey, at least Musk is still out here living his best life, Nazi salutes and all. And, who knows, maybe he’ll even sell some Tesla merchandise to make up for the losses.
Anyway, that’s all for now. Musk is still out here doing Musk things, and Tesla is still… well, tank-ing. But, hey, at least it’s been an interesting ride, right?