Elon Musk, CEO of Tesla, asked government workers to share their weekly accomplishments. Tesla investors want to know what Musk has achieved too. Tesla’s stock has dropped 30.2% this year and lost most gains since Trump’s election win. The stock hit a high in December but has been falling since then. Recent reasons for the stock drop include poor earnings, NHTSA investigations, and lower European sales. Musk’s controversial political moves may also be hurting Tesla’s image. Investors are worried about where Musk’s focus lies. Despite the challenges, Tesla has some positive developments ahead. They have released a new Model Y, plan to launch a cheaper EV soon, and will test robotaxis in Texas. The company’s stock has been volatile in the past, so this downturn may not be permanent. Investors hope for better days ahead.
Vocabulary List:
- Accomplishments /əˈkɑːmplɪʃmənts/ (noun): Achievements or successes that have been attained.
- Volatile /ˈvɒlətaɪl/ (adjective): Liable to change rapidly and unpredictably especially for the worse.
- Controversial /ˌkɒntrəˈvɜːrʃəl/ (adjective): Giving rise or likely to give rise to public disagreement.
- Investors /ɪnˈvɛstərz/ (noun): Individuals or organizations that commit capital with the expectation of receiving financial returns.
- Acquired /əˈkwaɪərd/ (verb): Gained or obtained something often through effort.
- Earnings /ˈɜrnɪngz/ (noun): Money obtained in return for labor or services.
