On March 10, Elon Musk encountered a series of challenges as Tesla’s stock dropped by more than 15% and his social media platform X faced significant outages. These setbacks occurred amidst market turmoil and heightened scrutiny of Musk’s connections to the Trump administration. The electric vehicle market also posed challenges for Tesla, with dwindling sales and fierce competition, notably from China’s BYD. The confluence of these issues presents a formidable test for Musk’s enterprises.
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Tesla stock plunges as Elon Musk’s social media platform X crashes, facing market panic and criticism.
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