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Benzinga
Benzinga
Business
Surbhi Jain

No Plan B - Tesla's Musk Premium Is On Thin Ice

Indianapolis,-,May,19,,2024:,Tesla,Ev,Electric,Vehicles,On

Tesla is swimming in contradiction. On the one hand, it’s a $1 trillion behemoth, rivaling the economy of an entire small nation. On the other hand, investors are jittery: shares are down about 17 % year-to-date, and profits and deliveries have just hit multi-quarter lows.

The culprit? CEO Elon Musk's escalating political ambitions—and a glaring lack of an alternative CEO.

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