Elon Musk gets devastating news as the 'anti-Tesla' catches on

Tesla's dangerous new competitor is closing in quickly.

May 13, 2025 - 23:42
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Elon Musk gets devastating news as the 'anti-Tesla' catches on

Tesla  (TSLA)  stock may have surged yesterday, but that doesn’t mean it's all good news for Elon Musk. On the contrary, negative headlines are still piling up as the company falters.

Once known as the undisputed leader of the electric vehicle (EV) sector, Tesla has struggled since the year started, largely thanks to Elon Musk’s polarizing actions. Even after the CEO announced he would be stepping back from his role at the so-called Department of Government Efficiency (DOGE), share prices haven’t garnered any sustainable momentum.