Musk possesses an entirely colorful and controversial history, achievements and controversies. A series of problems and incidents have found him in the headlines again in recent times. Recent events in his life are damaging the businesses and his public image.
Musk has always kept his life in the headlines as owner of his businesses, such as Tesla, SpaceX, and now X (previously Twitter). Among all of these grounds, he had to face the criticisms through his controversial tweets or by few of his business strategies.
Lately, there are several issues, almost culminating at that time with the companies running under Musk’s control. For instance, intense competition is proving a major problem especially for Tesla, considering that it continuously pressurizes lower market share from both old and recent players or entrants in the market for electric cars. There are all the other allegations regarding quality and safety issues on Tesla which also affect confidence among consumers.
Musk is facing all kinds of problems concerning X (formerly Twitter). Musk has put in some very strong changes after purchasing Twitter, and not many of them seem to be too lovely for the customer’s side, which might just see a negative advertising revenue effect due to diminished users. The rules and policies Musk has made will seem quite inconvenient to many people, which will eventually raise emotions against him.
SpaceX has some successes that can be considered memorable. However, there are just a few technical snafus in the last launches that are worrying. In addition, the enormous concentration by Musk will be affecting the manufacturing system’s effort to create new technologies.
Then, there are controversies concerning his personal life as well. Most often, he gets into trouble for his business decisions and public statements. Not only his businesses but also his image goes down because of some of his statements.
Recently, Musk is being criticized for not reacting to various world issues. It is quite not acceptable to many that when someone is running such big companies, he would not pay attention to the social and political things happening around the world.
The other part is that the atmosphere around Musk is a crisis to many. Even though he is fantastic in his personality, many employees and colleagues still have dissatisfaction regarding him – questions about his working style raise questions on his leadership.
Looking at Musk in economic terms, we see how the stocks of his companies move up and down. Well, with all the market uncertainty, their values have fallen and it isn’t pleasing to the investors.
But all this only finally brings out the functionality of Musk seen in the long run: no matter how great a plight it may be, his principal and vision are capable of giving a new direction to the world. However, it has now also become clear that he has to move ahead keeping his decisions and working style to himself.