As Tesla's stock slumped in 2024, Elon Musk has turned his focus to other ventures, most notably by taking a more active role in turning X back into Twitter.
It is also no secret that Tesla's shine has dimmed in 2024. The Musk-owned automotive company faces declining demand for electric vehicles and intensifying challenges in the Chinese market. Even typically optimistic analysts like Wedbush's Dan Ives were harsh, calling Tesla's most recent quarter a "trainwreck."
