Tesla’s stock has been in reverse, with a five-day slide wiping out 33% of its value since its December 2024 high. While shares are up today, the decline raises concerns about Musk’s brand, with some comparing its volatility to the Trump effect. Shareholder lawsuits and questions about Musk’s focus on Tesla amid his other ventures are adding to the pressure. Despite the setbacks, Musk remains the world’s richest man—yet the perception of his brand may be shifting.
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