Tesla's Plunge: Investors Fume as Musk's Focus Divides

Tesla investors have been left fuming as the company's stock price has plummeted, leading them to turn their frustration towards CEO Elon Musk. The electric vehicle manufacturer's shares have been on a downward trajectory, with the stock losing more than 30% of its value since November 2021.

The recent decline in Tesla's stock price has been attributed to a variety of factors, including concerns over production delays, supply chain issues, and increased competition in the electric vehicle market. Additionally, Musk's controversial tweets and his focus on other projects, such as SpaceX and Twitter, have also raised concerns among investors.

In response to the stock's decline, some investors have begun to question Musk's leadership and decision-making abilities. They argue that the CEO's attention is divided between multiple projects, which may be negatively impacting Tesla's performance. Some have even called for Musk to step down as CEO and focus solely on his role as the company's largest shareholder.

Musk, however, has remained defiant in the face of criticism. In a recent tweet, he dismissed the concerns of short-sellers and reiterated his commitment to Tesla's mission. He also took a swipe at the media, accusing them of sensationalizing the company's struggles.

Despite the criticism, Musk has shown no signs of stepping down as CEO. In fact, he has been actively involved in the company's operations, including the recent launch of the Model Y in China and the expansion of the Supercharger network. Additionally, Tesla has announced plans to increase production at its Shanghai factory and open new Gigafactories in Texas and Germany.

The future of Tesla and its stock price remains uncertain. While some investors remain optimistic about the company's long-term prospects, others are growing increasingly impatient with Musk's leadership. As the company continues to navigate the challenges of the electric vehicle market, it will be crucial for Musk to address the concerns of his investors and demonstrate that Tesla is on track to achieve its goals.