Tim Walz mocks Elon Musk over Tesla’s rapid market decline

Governor Tim Walz mocks Elon Musk over Tesla’s plummeting shares, sparking debate on Musk’s leadership and the company’s future.

In Short

Minnesota Governor Tim Walz has publicly criticised Elon Musk over Tesla’s plummeting stock prices, suggesting owners might want to hide their branding. This criticism has led to mixed reactions and calls for Musk to resign as CEO due to concerns about the company’s future.

Elon Musk faces public scrutiny as Minnesota Governor Tim Walz critiques him for Tesla’s declining stock performance.

During a speech in Wisconsin, Walz expressed amusement at Tesla’s share price plummeting from $488 in December to $225, indicating his monitoring of it for entertainment.

He suggested that Tesla owners might want to remove their branding to avoid embarrassment.

This sparked mixed reactions, with supporters agreeing that Musk’s management raises questions about his capabilities, while Tesla advocates called for retail support, emphasising the potential job losses his comments could cause.

In light of this, prominent investor Ross Gerber has urged Musk to resign as CEO, citing that Tesla’s decline in performance and reputation are concerning. Gerber argues that Tesla needs dedicated leadership to navigate these challenges effectively.

He stated that Musk’s focus should shift entirely to Tesla or he should appoint a new CEO to handle the company.