Elon Musk slams the Fed's tightening campaign again: 'The higher the rates, the harder the fall'
has outpaced even those losses, with its share price plummeting 64% since the start of last year. Musk is the EV manufacturer's CEO.Last month, he
on the Fed – pointing out that people can earn higher yields parking their cash in savings accounts when rates rise, making them less inclined to buy stocks.""Musk tweeted on December 19 in response to a shareholder who blamed him for the company's $600 billion plunge in market capitalization last year.
"We don't control the Federal Reserve," the CEO of Tesla, SpaceX and Twitter added."That is the real problem here."
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