Tesla Stock Drops 15%! Biggest Plunge in 5 Years – Musk Faces Challenges but Remains Confident in Long-Term Growth

Tesla Stock Drops 15%! Biggest Plunge in 5 Years – Musk Faces Challenges but Remains Confident in Long-Term Growth

Tesla shares tumbled 15% on Friday (March 8, 2025), marking the biggest single-day drop in history and extending a seven-week losing streak, the longest since the company went public on Nasdaq in 2010. The plunge wiped out more than $800 billion in market value.

📉 Musk Acknowledges Tesla’s Challenges
Following Tesla’s sharp decline, Elon Musk responded on X, saying “It will be fine in the long run”, while admitting that running the company has become increasingly challenging.

🛑 Musk Juggles Dual Roles: Tesla CEO & Head of DOGE
In addition to leading Tesla, Musk is also the head of the Department of Government Efficiency (DOGE), an initiative aimed at reducing government waste. He revealed that DOGE currently has over 100 personnel in federal agencies, with plans to expand to 200. Musk claims this could save the government $1 trillion.

🚀 Mounting Problems: X Outages & SpaceX Under Investigation
Beyond Tesla’s struggles, Musk’s social media platform X experienced multiple outages on Monday, while SpaceX is under investigation after two consecutive Starship rocket explosions during test flights.

📢 Will Tesla and Musk’s empire rebound or continue to decline? Stay tuned for the next move! 📊🔥