Elon Musk's empire shaken: Tesla tumbles, X crashes amid US recession fears

Quick Summary:

Elon Musk faced significant setbacks on March 10, with Tesla's stock plummeting by over 15% and his social media platform X experiencing major outages.

The twin crises coincided with market panic and increasing criticism of Musk's political ties to Trump's administration.

Additionally, Tesla's declining sales and growing competition, particularly from China's BYD, compound the challenges.

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Article Details

Author / Journalist: TOI Business Desk

Category: EconomyBusiness

Markets: IndiaChinaFranceGermanyGuatemalaNorwayPakistanSpain

Topics: Donald trump Tariff war Tesla shares Tesla X outages Us recession fears Donald Trump Elon musk

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-11 @ 14:57:57 (1 days ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 1244 words

Reading Time: 7 minutes read

Sentences: 52 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 26884349

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