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One company that’s been in the headlines lately is Elon Musk’s “other” company Tesla, Inc. (NASDAQ: TSLA). The stock is down 57.35% so far this year, with many analysts attributing at least part of the decline to Musk being distracted with his purchase of Twitter.
Investors and even politicians are taking notice.
To some degree, Tesla’s downward trajectory has paralleled the broader auto industry. Still, it’s inescapably true that Tesla’s performance is worse than established automakers such as General Motors Company (NYSE: GM) or Ford Motor Company (NYSE: F), or even some rival EV makers such as China’s BYD Company Limited (OTCMKTS:
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