Elon Musk urged to focus on Tesla as market cap drops below $1 trillion

From StockTwits: 2025-02-26 00:40:18

Tesla shares plunged over 8% on Tuesday, erasing $186 billion in market value and dropping below the $1 trillion mark. This decline comes after a 16% fall over four consecutive trading sessions. Criticism from retail investors has been directed at CEO Elon Musk, who has expanded his focus beyond Tesla to lead the Department of Government Efficiency (DOGE). Despite claims of $65 billion in savings through DOGE initiatives, Musk’s diverse ventures have sparked lawsuits and concerns about job security among federal employees. Stocktwits sentiment has turned ‘bearish’ as nearly 60% of respondents believe Musk should refocus on Tesla. Tesla remains the world’s most valuable automaker by market cap, but Wall Street analysts remain divided on its future prospects.



Read more at StockTwits: Retail Investors Want Elon Musk To Prioritize Tesla Over DOGE As Market Cap Slips Below $1 Trillion