Tesla (NASDAQ: TSLA) has experienced a significant decline in its stock value, dropping approximately 15% over the past five trading days. This downturn is attributed to investor concerns regarding CEO Elon Musk’s involvement in external ventures, including his role in the Department of Government Efficiency and a substantial bid to acquire OpenAI. These activities have raised questions about potential distractions from Tesla’s core operations.
As of the latest trading session, Tesla’s stock closed at $328.50, marking a 6.3% decrease for the day. The company’s shares are now 32.8% below their 52-week high of $488.54, reached on December 18.
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About Tesla
Tesla’s mission is to accelerate the world’s transition to sustainable energy. Today, Tesla builds all-electric vehicles, as well as infinitely scalable clean energy generation and storage products. Tesla believes the faster the world stops relying on fossil fuels and moves towards a zero-emission future, the better.
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