Tesla bets on bot smoke screen as political and market realities bite Musk's antics and distractions are backfiring as Tesla's car business stalls The SpaceX billionaire's has stoked controversy in recent times for his political opinions and outbursts, including his Nazi-like salute at President Trump's inauguration, his role dismantling USAID while leading DOGE, and his support for UK far-right activist Tommy Robinson. One study claimed Musk’s approach to politics has cost Tesla one million US EV sales. Sales in Europe have also tanked over the last year. If Musk fails to convince Tesla investors that he continues to be a safe pair of hands in the car company’s driving seat, he can be assured that he and his billionaire cohorts have enjoyed a worthwhile journey together. Research from UK charity Oxfam has found that the collective wealth of the top 10 US billionaires —including Musk — has increased by $698 billion over the last year. Musk’s net worth is estimated at $497 billion. ®
Published: November 4, 2025 3:39 pm
Source: theregister.com — Read original