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Elon Musk, you’re in a hole. Stop digging!

3 1
02.07.2025

The world’s richest man Elon Musk is in a self-dug hole. The problem for Tesla shareholders is he keeps on digging.

Doubling down in his attack on Donald Trump is about as far out as one could go on the risk scale.

The break-up of the wealthiest man on the planet and the world’s most powerful is playing out like any romantic split – with cross-court lashings of invective, threats and recriminations. But this divorce is being played out in the public on the combatants-owned social media platforms, X and Truth Social.

Musk and Trump: A feud for the agesCredit: Marija Ercegovac

And neither man possesses the self-regulation switch that would interrupt an escalation. So BYO popcorn!

Musk can’t win, but he can inflict a load of self harm and damage on Tesla shareholders.

With each breakout in hostilities, the electric carmaker’s share price dives – and with it, Musk’s wealth. Even without Musk’s meltdown, Tesla is already under pressure over a consistent sales slump of its cars and its struggling introduction of robotaxis.

The company is expected to announce a 12 to 13 per cent drop in quarterly........

© The Sydney Morning Herald