Musk suffers worst day in five years

Elon Musk and Tesla faced a tough Monday as the electric car manufacturer’s stock plunged more than 15% by market close. The decline wiped out $18.8 billion from Musk’s net worth.

Investor confidence in Tesla has been waning in recent weeks, fueled by increasing incidents of vandalism targeting Tesla vehicles. Some Tesla owners are now considering selling their EVs, citing Musk’s controversial statements on various topics as a key reason.

Adding to the turmoil, technical issues on X (formerly Twitter) caused widespread disruptions, with many users reporting platform failures.

Meanwhile, Musk’s role in politics has also come under scrutiny. Recently, Donald Trump appointed him to lead the Department of Government Efficiency (DOGE), a federal agency tasked with cutting down government workforce and costs.

(QG - Source: The Independent / Picture: © Unsplash)