Tesla Shares Plunge as Musk's Political Ties Stir Controversy
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Tesla shares have dropped nearly 30% over the past three months due to CEO Elon Musk's political ties with President Trump. The stock, which started the year around $400, has faced significant selling pressure. Musk's role in the Department of Government Efficiency has led to job cuts and increased vandalism at Tesla properties. Vehicle production and deliveries have also declined. However, shares rose slightly after Trump indicated Musk would step down from his role to focus on Tesla.
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