Elon Musk has ceased to be just the richest man in the world and owner of some of the most valuable companies on the planet. And it is because, due to his involvement in the governmental sector, through the Department of Government Efficiency of the United States (DOGE, in English), the South African has taken on a public role that forces him to assume work responsibilities with a social impact and on a larger scale in the lives of millions of people.
The above, logically, has also caused Musk to struggle to balance his life between his business activities and his public role, which, not directly, would be causing the downfall of one of his main companies: Tesla.
And it is that, since December of the previous year, prior to his rise in the governmental role, the shares of the automotive company have suffered a 50% drop in value, something that even led President Donald Trump, a close friend of Musk, to support his work with a recent symbolic act in which he acquired one of his cars.
However, and in the face of the series of reasons that could indicate the downfall of Tesla, the businessman's father, Errol Musk, made a disturbing prediction months ago that could well be considered as a more than obvious justification for the tough time the also owner of X is going through.
Errol Musk predicted his son's tough time
Last November, during an interview with the publication Al Arabiya News, Errol mentioned his concern for his son regarding his decision to take on governmental functions. And it is that, according to Musk father, this work could "diminish responsibility" for Elon in his business work.
“Elon has a huge task ahead. He has 200 thousand employees and many important matters in his life, so he has to be available for everything he started... he can't just leave”.
Despite the above, Errol mentioned that his son was the ideal person to carry out this government efficiency process to save millions of dollars for the government. However, he also clarified that his companies needed him, so it would not be a "good idea" to have him sitting in an office in Washington.
“Having him sitting in an office somewhere in Washington, waiting and doing nothing, no, no. He should be utilized as a consultant”.
What will happen with Tesla?
So far, Tesla's shares continue to decline despite the measures taken by Musk in recent weeks. This, according to various media outlets, has caused investors in the company to begin to express their concerns.
Musk himself admitted, in an interview with Fox Business, that he is managing his businesses with great "difficulty", without mentioning whether his governmental functions have had an effect on this crisis.
Regarding the "fall" of Tesla, various specialists have mentioned that tough competition in the automotive industry, with the launch of cheaper electric vehicles from China, has been a key factor in this situation. In addition, Musk's controversial actions at the helm of DOGE, such as layoffs, have generated widespread antipathy towards the businessman.
*This article has been automatically translated using artificial intelligence