Musk ‘May Cut Govt Waste For a Year’, Tesla Shares Plunge

Quick Summary:

Musk's admission that he could oversee US government cost-cutting for another year, despite 'great difficulty' also heading Tesla, spurred a 15% fall in its share price on Monday

The post Musk ‘May Cut Govt Waste For a Year’, Tesla Shares Plunge appeared first on Asia Financial.

The Tesla brand has taken a hammering from Musk’s often divisive political comments posted on X and the dramatic cost-cutting he has overseen for the Trump Administration.

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Article Details

Author / Journalist: Jim Pollard

Category: InvestingBusiness

Markets: Hong KongAustraliaCanadaChinaIndiaThailand

Topics: China Electric Vehicle Index China-US Economic Ties New Energy Vehicles Market Insights New Energy Fintech Insights Transport Fintech Asia ESG Electric Vehicles Transport Insights World Energy Energy Insights

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-11 @ 13:11:31 (1 days ago)

News Timezone: GMT +8:00

News Source URL: asiafinancial.com

Language: English

Article Length: 1060 words

Reading Time: 6 minutes read

Sentences: 44 lines

Sentence Length: 25 words per sentence (average)

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

Copyright Owner: © Asia Financial

News ID: 26895096

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