Gravity may be finally catching up to Elon Musk as Tesla stock tumbles
1 week ago

Gravity may be finally catching up to Elon Musk as Tesla stock tumbles

CNN  

A version of this story appeared in CNN Business’ Nightcap newsletter. But Tesla is run by the MAGA-pilled Musk, whose personal brand has gone from “OK, he’s a bit weird” a few years ago to “OK, he’s posting racist and antisemitic conspiracy theories” in 2025. “I’m getting rid of this car because I’m embarrassed to drive it,” Joe Romer, a Tesla owner in California, told CNN’s Julia Vargas Jones. “I’m tired of Elon Musk and all this garbage that’s going on.” Even Dan Ives, a tech analyst for Wedbush and historically one of Tesla’s biggest cheerleaders, appears to be losing patience with Musk. Last week, Ives wrote in a note to clients that while he is maintaining his “outperform” rating on the stock, investor patience is “wearing very thin.” Bottom line: Wall Street has long been able to tolerate Musk because Tesla was a cutting-edge company with a product lots of people wanted to buy.

History of this topic

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