Tesla Investors Worry Over Musk's Focus on DOGE

Since Elon Musk took on the role as head of the Department of Government Efficiency (DOGE) under President Trump, Tesla's stock has suffered a dramatic decline, falling nearly 52% from its December highs and down over 40% year-to-date. Investors are increasingly concerned that Musk's commitment to his other ventures is detracting from his role at Tesla, as evidenced by a significant drop in the company's market value and rising dissatisfaction among shareholders. Musk has acknowledged the difficulty of balancing his responsibilities, stating that he did not anticipate the challenges posed by his government role. Critics have raised alarms over DOGE's operations, with accusations of misinformation regarding budget cuts and potential cybersecurity risks due to inexperienced staff. Some industry experts suggest that Tesla might benefit from promoting a senior executive to take on more operational responsibilities while Musk focuses on his governmental obligations. Polling indicates that a majority of respondents feel Musk's divided attention is detrimental to Tesla's performance.