A significant cyberattack affecting the social media platform X prompted Elon Musk to suggest the involvement of a well-resourced group or potentially a nation-state. Users reported outages, while Musk, who purchased X in 2022, has faced criticism over his management style and political affiliations. Tesla's shares plummeted 14% in a day and over 35% in the past month, attributed to concerns about Musk's distractions from running his electric vehicle company. Critics question his intense political maneuvering while managing such pivotal business ventures.
"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," Musk explained in a post, emphasizing the seriousness of the cyberattack.
"Since 2022, Musk has made wide-sweeping cuts to the staff of X, causing considerable disruption and a backlash against his management amidst political engagements," stated a societal analyst.
Musk's handling of X and his political involvement not only sparked debates about censorship, but also affected Tesla's stocks, which dipped significantly amid concerns over his dual focus.
"His rightward shift has led to widespread backlash, with Tesla shares dropping 14% on Monday and more than 35% in the past month as investors worry about management distractions," reported market analysts.
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