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Elon Musk, CEO of Tesla, expressed emotional strain in a Fox Business interview due to challenges with his companies and Tesla’s stock experiencing a significant decline. Increased government involvement and attacks on Tesla facilities have raised investor concerns. Musk managing multiple ventures with difficulty, as seen in the video, suggests he is under immense pressure.
Tesla CEO Elon Musk looked visibly uneasy and emotional during a recent interview on Fox Business when asked about the struggles of his companies. During the interview with Larry Kudlow, Musk admitted he was managing multiple businesses “with great difficulty” as Tesla’s stock suffered its worst drop in over three years and his social media platform, X (formerly Twitter), faced technical issues. Tesla’s stock has dropped by 15.4%, marking its steepest decline since September 2020. The company is also facing a global slowdown in electric vehicle sales, adding to Musk’s challenges.
The video was shared by a X user – Umbisam @Umbisam with a caption that reads: “Many years since I saw Elon almost crying in an interview, it comes to mind when top astronauts called SpaceX failures and he said ‘I’ll never give up’, in tears. I believe he’s close to a breakdown. He’s been taken in the wrong place, IMHO. Politics isn’t his playing field.”
In the interview, Musk was discussing budget cuts within the Department for Government Efficiency (DOGE). However, Kudlow unexpectedly shifted the conversation, asking, “Are you giving up your other stuff? How are you running your other businesses?”. Musk hesitated, looked down, and replied with a quiet, “With great difficulty.”
He then sighed, seeming momentarily lost for words, before Kudlow quickly moved the discussion forward. Musk had just begun to speak when Kudlow interrupted, steering the conversation back on track. “There’s no turning back—you were saying.”
Earlier this week, Tesla’s stock price fell 15% —its biggest single-day drop since September 2020. Tesla’s stock has been declining each week since Musk took on the position of leading the DOGE, which is overseeing efforts to cut federal spending and reduce the government workforce.
Tesla investors have raised concerns about Elon Musk’s involvement in government activities. Musk has been working with the federal government on efforts to cut waste and reduce spending, which some investors fear could be taking time away from his leadership at Tesla.
Additionally, Tesla facilities have been targeted in multiple attacks, including incidents of vandalism and gunfire. Authorities have suggested that these attacks may be linked to Musk’s political activities and government involvement.
In show of solidarity and support to Musk, US President Donald Trump recently bought a shiny red Tesla with the tech billionaire by his side. “Number one, it’s a great product, as good as it gets—and number two, because @ElonMusk has devoted his energy and his life to doing this and I think he has been treated very unfairly…,” Trump wrote in a post.
The TOI Tech Desk is a dedicated team of journalists committed to delivering the latest and most relevant news from the world of technology to readers of The Times of India. TOI Tech Desk’s news coverage spans a wide spectrum across gadget launches, gadget reviews, trends, in-depth analysis, exclusive reports and breaking stories that impact technology and the digital universe. Be it how-tos or the latest happenings in AI, cybersecurity, personal gadgets, platforms like WhatsApp, Instagram, Facebook and more; TOI Tech Desk brings the news with accuracy and authenticity.Read More
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