Tesla plunged 15%! The "anti-Musk" demonstration exploded in the United States, and it was extremely difficult to run Tesla after joining DOGE

At the close of trading in the early hours of this morning, Tesla plunged 15.4% to $222.15, its biggest one-day drop in nearly five years and the seventh steepest decline in the company's history. In the face of the collapse of stock prices, Musk rarely speaks out: it is quite difficult to run Tesla after joining the DOGE division. Bitcoin fell below $77,000, Ethereum fell below $1,800, and Tesla plunged 15%.. Market worries about recession come true) (Background supplement: Tesla launched "FSD autonomous driving" smooth driving vegetable market in China, next is Taiwan? Since Musk joined the Trump administration as head of government efficiency, Tesla shares have fallen for weeks in a row. At the close of U.S. stocks in the early hours of this morning, Tesla's stock price further plunged to $222.15, plummeting 15.43% in a single day, not only hitting a new low since October last year, but also the largest one-day decline in nearly five years, far exceeding Bitcoin's decline of about 5% on the day. Seventh largest one-day decline in history According to Tesla shareholder James Stephenson, the 15.4% decline on March 10 ranks seventh in Tesla's history (adjusted for stock splits). 9/8/2020 -21.1% (Closed at $110.07) 1/13/2012 -19.1%($1.52) 3/16/2020 -18.6%($29.67) 2/5/2020 -17.2%($48.98) 7/6/2010 -16.4%($1.07) 3/18/2020 -16.0%($24.08) 3/10/2025 -15.4%($222.15) 12/27/2010 -15.4% ($1.70) In response, Musk forwarded the post and responded optimistically: "In the long run, everything will be fine." On February 28, when Musk responded to investors' dissatisfaction with Tesla's stock price decline, he boasted: "Tesla's profits will climb 1,000% in 5 years." Now, in the face of a collapse in stock prices, is this a cry of confidence or a placebo? It will be fine long-term — Elon Musk (@elonmusk) March 10, 2025 "Anti-Musk" demonstrations broke out across the United States One reason Tesla is under pressure is that after Musk joined the DOGE Department of Government Efficiency to push for federal spending cuts, a large number of federal employees were laid off. Disgruntled protesters erupted in "anti-Musk" demonstrations across the United States. At a demonstration in Deira Beach, Florida, on the 8th, dozens of protesters gathered in front of Tesla stores, holding signs such as "no one voted for Musk" and "democracy is not a business plan", calling on the public to sell Tesla shares and sell Tesla cars. The event organizers wrote in the announcement: "We are taking action at Tesla stores to show that we cannot tolerate Musk's businesses and products in our community. They are symbols of Nazism, white supremacy and violence against immigrants, transgender people and the working class." Musk: "Extremely difficult" to run a business This situation does make Musk uncomfortable. In an interview with Fox Business, he admitted that the current situation makes it "extremely difficult" for him to run the business. Moderator Larry Kudlow asked, "You're now head of DOGE, which is equivalent to giving up other careers." How do you manage your business now?" Musk responded with a wry smile: "It's very difficult." But he stressed that his goal in joining the government was to improve administrative efficiency and eliminate waste and fraud, and that progress was good. "We've saved more than $4 billion a day, which is a huge result," he said. Expected to stay in the Trump administration for another year In addition, Musk revealed that he is expected to stay in the Trump administration for another year. The DOGE team currently has more than 100 people, covering almost all government agencies, and may be expanded to 200 people in the future. He is more optimistic: "If no one stops us, we will save $1 trillion." However, Musk's savings estimates have been challenged, and the DOGE website has recently removed some of the largest savings items originally claimed, calling into question the viability of the $1 trillion goal. In addition to Musk's government position affecting market confidence, another major factor in Tesla's stock price plunge is that a number of analysts lowered their delivery forecasts. UBS analyst Joseph Spak lowered Tesla's first-quarter and full-year delivery forecasts, forecasting only 367,000 vehicles in the quarter, 16% less than previous estimates, and no longer believes that Tesla's full-year sales can exceed last year, and is expected to decrease by 5% annually. This is contrary to the previous statement of the company's senior management that "delivery resumes growth throughout the year". At the same time, Robert W. Baird & Co. analyst Ben Kallo also lowered his delivery forecast on March 6, deepening market pessimism. Spak further noted that while the Model Y facelift may help boost sales, demand is still sluggish. He cited data from Tesla China's official website that the current waiting time for the delivery of the new Model Y is only 2 to 4 weeks, reflecting weak order momentum. Related reports U.S. consumer confidence hit the biggest drop in 3 and a half years! Bitcoin pin pin 86,000 US dollars, Tesla fell 8% European sales are miserable Musk DOGE fired more than a dozen "US digital office" employees to provoke, Tesla high-level recordings leaked: hope he left Tesla Tesla to achieve vehicle "factory autopilot to the dock", Musk: AI brings unmanned FSD era 〈Tesla plunged 15%! The "anti-Musk" demonstration broke out in the United States, rarely voiced: it is extremely difficult to run Tesla after joining DOGE" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".