Tesla's stock price (222.15, -40.52, -15.43%) fell 15.43% on Monday, marking the largest daily decline since September 2020.
The CEO Elon Musk's net worth evaporated overnight by $29 billion, resulting in a loss of $132 billion so far this year. Although he remains the world's richest man, his net worth as of Monday's close was approximately $301 billion.
In an interview on Monday, facing a recent string of bad news, Musk smiled and shrugged, saying, "But look on the positive side! Always look on the bright side of life." This is a quote from the name of a song from the 1970s.
Last Thursday, SpaceX's Starship rocket exploded just minutes after launch from Texas, marking the second such accident of the year.
Last Friday, there were reports that President Trump is taking action to restrict Musk's previously free floating power after being angered by senior Republican officials.
On Saturday, demonstrations against Musk spread throughout Tesla showrooms across the United States, including in Manhattan, with hundreds of people protesting.
On Monday, Tesla's stock price plummeted, becoming the worst performing stock in the S&P 500 index this year. Meanwhile, his social media platform X was also paralyzed several times on Monday due to alleged cyber attacks.
When talking about the crash of the X website, Musk said, "We're not sure what exactly happened, but there was a large-scale cyber attack attempting to destroy the X system with an IP address from the Ukrainian region
When asked how he managed all other businesses while undergoing a radical government restructuring at DOGE, Musk paused and said, "It's very difficult.
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