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The Guardian - US
The Guardian - US
Technology
Nick Robins-Early

Elon Musk faces week of harsh setbacks amid Tesla selloff and Doge backlash

people hold signs outside a Tesla building that say 'Nola says no to Nazis' and 'Boycott Tesla, banish Elon Musk, ban the oligarchy from govt'
Protesters outside a Tesla service center in New Orleans, Louisiana, on Friday. Photograph: Chris Granger/AP

Elon Musk began the week of 10 March with a friendly sit-down interview on Fox Business to talk about his work with the so-called “department of government efficiency” (Doge) and the state of his businesses. Already, it had been a trying few days for the world’s richest man, who was facing a Tesla stock selloff and fierce backlash over his attempts to radically overhaul the federal government. His net worth declined over $22bn on Monday alone.

After Musk jokingly brushed off initial questions about the mounting pressure, host Larry Kudlow asked the Tesla and SpaceX CEO how he was managing to run his numerous companies amid the chaos.

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