Tesla Stock Plummets 15% in 5 Days–Is Musk Too Distracted to Save It?

Feb 12 – The stock market value of Tesla (TSLA, Financial) dropped more than 6% on Tuesday while reaching its fifth consecutive day of loss. Stock value decline has become evident because investors show growing apprehension toward CEO Elon Musk’s growing number of business responsibilities, including CEO positions at Tesla alongside SpaceX and X and additions to The Boring Company and xAI and Gov. Department of Efficiency leadership and the OpenAI acquisition attempt. Shareholders worry that Musk’s participation in several projects could divert his attention from Tesla, thus negatively affecting company operations.

BYD (BYDDF, Financial), the Chinese electric vehicle manufacturer, is one step ahead of Tesla in terms of advanced self-driving technology for all its cars under $10,000, thus further complicating Tesla investors. BYD intends to carve a large part of the market space in autonomous driving while its vehicles are cheaper than any vehicle engineering by Tesla. The declaration of a new direction has made BYD’s stock price reach its peak and increased the investor’s trust.

The extensive business interests of Musk and BYD’s rapid development of self-driving features prompted investor examinations, which negatively affected Tesla’s stock market position.

This article first appeared on GuruFocus.