Tesla Shares Plunge Over 15% in Worst Drop in Five Years. CEO Elon Musk Admits Running Businesses With ‘Great Difficulty’

Benzinga

Tesla shares fell over 15% Monday, according to CNBC. The drop marked their steepest decline in five years as CEO Elon Musk admitted he is running his businesses “with great difficulty.”

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Tesla shares fell over 15% Monday, according to CNBC.

00:05Drop marked their steepest decline in five years.

00:08CEO Elon Musk admitted he's running his businesses with great difficulty.

00:11Company stock has declined since Musk became head of the Trump administration's

00:15Department of Government Efficiency.

00:17Tesla's market capitalization has plummeted over 50%, raising nearly $800 billion.

00:23Doge claims to save $4 billion daily, though critics question its estimates.

00:27Social media platform X suffered multiple outages on Monday,

00:30whilst contributing to a massive cyberattack linked to Ukraine without providing evidence.

00:34For all things money, visit Benzinga.com.

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