Reactions flood in as Tesla's stock drops sharply amid X outage

On Monday (10 March), Elon Musk faced a double setback: Tesla's stock value plummeted to levels not seen since before Donald Trump's victory in the November election, while X/Twitter experienced a major technical failure, causing widespread disruption.

Tesla's stock took a significant hit, dropping over 14 per cent by the afternoon and finishing the day down 15.43 per cent. This marked the company's most severe decline since September 2020, following a downgrade in its first-quarter delivery projections by UBS.

During an interview with Fox Business, host Larry Kudlow said that now Musk is leading DOGE, he's "giving up your other stuff".

Kudlow asked: "How are you running your other businesses?"

"With great difficulty," Musk responded. "Yeah, I mean...

"I’m just here trying to make government more efficient, eliminate waste and fraud, and so far we’re making good progress, actually. Our savings at this point exceed $4 billion a day. So it’s very significant."

Meanwhile, in a tweet later that day, Musk reassured people that Tesla will be "fine long-term".

Over on X, people were quick to chime in on the latest Tesla news, with one urging Musk to resign.

X/Twitter

Another theorised whether Tesla would be next to follow in Delorean cars' footsteps, which went bankrupt in 1982.

X/Twitter

Another shared a photo of the Cybertruck explosion earlier this year.

X/Twitter

Others meme-ified the ordeal.

X/Twitter

Another simply noted how they had "never seen a brand become this toxic this fast".

Another summarised all of the Musk-run downfalls.

On the same day, his platform X experienced outages.

"There was a massive cyberattack against X," Musk wrote on Monday. "We get attacked every day, but this was done with a lot of resources. Either a large, coordinated group and/or a country is involved. Tracing …"

He claimed to Fox's Kudlow that Ukrainian IP addresses were behind the outage, but he failed to show any evidence.

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