Tesla Stock Drops 15%. CEO Elon Musk May Have Hit His Limit, That's Bad News for the Stock
Tesla CEO Elon Musk met with Fox Business' Larry Kudlow on Monday and investors, already reeling from stock declines, probably won't like what they heard.The two men talked about savings and the goals of President Donald Trump's newly created Department of Government Efficiency, which Musk directs. The conversation also turned to Musk's businesses and how he is running them."With great difficulty," answered Musk, adding he is likely to spend another year in Washington, D.C., on DOGE business.That could unnerve Tesla investors, who constantly worry that Musk has too much to do. Along with Tesla and DOGE, he runs X, xAI, SpaceX, The Boring Company, and Neuralink.Coming into 2025, none of the non-Tesla activities seemed to have dented the stock. Tesla shares traded above $480 apiece in mid-December.Now it appears Musk may have hit his limit and investors seem nervous. Tesla shares are set up for their worst two-month stretch ever. Through Monday trading, the stock was down about 45% in Fe