"This was a stilted, corrupt attempt to juice a friend's stock, and certainly beneath the office of the presidency."
"Tesla's stock price has fallen sharplyâalmost 50 percent since its mid-December, postelection peakâon the back of terrible sales numbers in Europe."
"The optics were quite clear: Musk needed Trump to come in and fix his mess for him."
"According to the Bloomberg Billionaire Index, Musk is $148 billion poorer than he was on Inauguration Day."
The article discusses a recent event where Donald Trump appeared alongside Elon Musk to endorse Tesla vehicles amidst ongoing protests against the company, linked to Musk's role in the Trump administration. Despite the appearance of solidarity, the event highlighted Musk's need for assistance as Tesla's stock plummeted nearly 50% since late 2020 and the company faced backlash from protests. Additionally, the troubles extend beyond Tesla, with SpaceX and Starlink encountering significant setbacks. The culmination of these events has resulted in Musk's wealth decreasing by $148 billion according to the Bloomberg Billionaire Index.
Read at The Atlantic
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