Elon Musk admitted that his involvement in President Donald Trump’s push to reduce government size is impacting his role as CEO of Tesla, according to Bloomberg. He said at a town hall in Wisconsin that the political fallout has significantly affected Tesla’s stock, which has dropped 45% since its December peak. Musk’s wealth has also seen a decline of over $100 billion this year, according to Bloomberg. The Wisconsin election has implications for issues like abortion and redistricting, and Musk warned that an adverse redistricting ruling could threaten Republican control of the US House. Tesla is seeking an exemption to expand its dealerships in Wisconsin.
