Elon Musk’s extremely arrogant statement was dug up after causing a series of controversies that made Tesla ‘suffer’. After losing more than 100 billion USD, his extremely arrogant statement was dug up again.
Elon Musk’s recent controversial moves put Tesla in a difficult position.
Elon Musk says he won’t hold back on tweets that are considered controversial even if it affects himself and his business.
In a 2023 interview with CNBC, Musk was asked whether his controversial tweets could alienate potential Tesla customers or brands that advertise on X.
Musk replied bluntly: “I will say what I want. If the consequence is losing money, so be it.”
Elon Musk’s response has gone viral after the world’s richest man has been embroiled in political controversy as a close adviser to US President Donald Trump. A wave of boycotts and vandalism against Tesla vehicles is taking place in the US and Europe.
Since Elon Musk entered the Donald Trump administration as a close advisor to the US president, shares of electric car company Tesla have fallen for seven consecutive weeks, closing at $270.48 per share on March 7. This is Tesla’s longest losing streak since the company went public in 2010.
Tesla shares fell 28% in February from the previous month, marking the biggest monthly decline since December 2022. As a result, Elon Musk’s net worth also fell more than $100 billion in the month to $312 billion as of now, according to Bloomberg’s Billionaires Index.
In a statement on March 11, Mr. Trump said he would buy a Tesla in support of Musk. In a post on Truth Social, Mr. Trump claimed that “radical leftists” were trying to “illegally boycott Tesla.”
Despite the negative developments above, in a recent post on X, Elon Musk still expressed confidence in the long-term prospects of the world’s largest electric car company.
