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DOGE chief Musk says he's running his businesses 'with great difficulty,' as Tesla shares tank

1. Tesla shares fell over 15.4%, marking its worst drop in five years. 2. Musk's market cap losses exceed 50%, equating to nearly $800 billion. 3. Musk faces challenges managing multiple businesses while running DOGE. 4. Musk anticipates significant savings through government efficiency efforts. 5. Contentious political comments surface amid Musk's business struggles.

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FAQ

Why Very Bearish?

Tesla's significant stock drop exceeds historical performance downturns during leadership turmoil, indicating investor concern.

How important is it?

Tesla's performance directly linked to Musk's leadership role and current economic conditions affecting strategic decisions.

Why Short Term?

Immediate effects from stock drop and management challenges, but potential recovery hinges on business performance.

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