Elon Musk's X just had a rough Monday. The social media platform suffered widespread outages, leaving thousands of users locked out, with Downdetector logging over 40,000 reports at its peak. The issue hit hardest on the East and West coasts, frustrating users who ironically had to post their complaints elsewhere. No word yet from X on what caused the disruption, but given Musk's track record, a cryptic tweet might be the only response investors get.
Meanwhile, Tesla (NASDAQ:TSLA) is taking an even bigger beating. Shares dropped further 13.6% at 1.58pm today, capping off a brutal month where the stock has now lost 35% of its value. Just a few months ago, Tesla was trading near $380now it's sitting at $227. Investors are growing wary as competition heats up, pricing wars intensify, and demand signals get shakier. The once-unstoppable EV giant suddenly looks a lot more vulnerable.
X's outage may have been temporary, but Tesla's stock slump is shaping up to be something bigger. With no clear turnaround in sight and growing pressure across Musk's empire, investors are left wondering: is this just turbulence, or is the shine starting to wear off?
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