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The world's richest industrialist Elon Musk is currently an advisor to US President Donald Trump and is always known for taking surprising steps. But this time he is facing heavy criticism from all over the world. The reason for this is his advice to reduce the size of the Trump cabinet. Due to this, not only is he facing criticism in political circles in the US and around the world, but the cars made by Tesla company have also been strongly opposed in many places.
In such a situation, he said during a town hall program in Wisconsin that staying in this position is costing him a lot. Musk further said that his political opponents are repeatedly highlighting the fall in Tesla shares. Musk said that he thinks Tesla's stock will perform better in the long term. That's probably why this is a great opportunity to buy.
He clearly said that it is because of his role in DOGE (Department of Government Efficiency) that Tesla's stock has seen a decline and whatever he is doing is putting a lot of pressure on him and Tesla. Musk further said that the value of Tesla's stock has fallen to half, which is not a small thing.
It is worth noting that after Donald Trump was elected US President for the second time, Tesla's shares saw a huge surge. But, after reaching the peak on 17 December, it saw a decline. According to the Bloomberg Billionaires Index, Elon Musk is still number 1 in the list of the world's richest person. This year, Musk's personal wealth has seen a decline of more than $100 billion.
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