It’s only Monday and Elon Musk is already having a difficult week. As David pointed out this morning, Tesla has increasingly been under attack by astroturfed protests from the left aimed at company sales outlets, chargers and even individual cars. The anger directed at Tesla resulted in a big drop in the company’s stock today.
Tesla shares plunged on Monday, hitting their lowest point since before Election Day, as investors registered the impact of falling sales and increasing protests over the high-profile political role that Elon Musk, the company’s chief executive, has taken on.
At the close of trading, the electric-car maker’s shares were down more than 15 percent for the day, and more than 50 percent from a mid-December peak. The day’s loss was the biggest for Tesla stock since 2020 and far outstripped the 2.7 percent drop on Monday in the S&P…
