How much was Elon Musk's pledge to step back from DOGE worth? $67 billion to frustrated Tesla shareholders

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Fri, April 25, 2025

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How much was Elon Musk's pledge to step back from .. rth? $67 billion to frustrated Tesla shareholders

How much was Elon Musk's pledge to step back from DOGE worth? $67 billion to frustrated Tesla shareholders

^{Published on 2025-04-24 18:41:02 - Fortune}

The news
and subsequent jump in Tesla's stock price
followed a Q1 where its core business lost money.

Elon Musk has pledged to step back from Dogecoin and Tesla stock, following a tumultuous period marked by significant fluctuations in both assets' values. Musk's involvement with Dogecoin, a cryptocurrency he has frequently promoted on social media, has led to accusations of market manipulation, while his comments on Tesla have similarly impacted the company's stock price. In Tesla's latest earnings call, the company reported a significant drop in profits, attributed to increased competition and production challenges. Musk expressed optimism about Tesla's future, citing plans for new models and expansion into new markets, but acknowledged the need to focus on the company's core business rather than external distractions. This decision comes as Tesla faces scrutiny from regulators and investors alike, with many questioning the sustainability of its growth and Musk's leadership style.

Read the Full Fortune Article at:
[ https://fortune.com/article/elon-musks-pledge-to-step-back-from-doge-tesla-stock-earnings-outlook/ ]

N@N

How much was Elon Musk's pledge to step back from DOGE worth? $67 billion to frustrated Tesla shareholders