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New app poses problems for Elon Musk and Zuckerberg

Well, folks, it’s been another fascinating week for the tech sector but not a great week for some CEOs.

One week ago, Elon Musk held an all-hands meeting for Tesla’s  (TSLA)  staff and likely surprised absolutely no one. He touted the company’s EV sales without mentioning numbers that show sales are declining in key markets. He also didn’t mention the missing $1.4 billion that no one seems to be able to explain.

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Meanwhile, at Meta Platforms  (META) , things haven’t been going so well for Mark Zuckerberg. His company recently tried to acquire FuriosaAI for $810 million, but the Korean artificial intelligence (AI) startup has reportedly turned it down.

As the dust settles, the message is undeniable: gone are the days in which no tech startup would even think of rejecting Zuckerberg's offer. META stock has performed well this year, but its leader clearly doesn't hold the sway he used to.

Bot Tesla CEO Elon Musk and Meta CEO Mark Zuckerberg received bad news this week Image SourceL Austin American-Statesman-USA TODAY NETWORK / Shutterstock
Bot Tesla CEO Elon Musk and Meta CEO Mark Zuckerberg received bad news this week Image SourceL Austin American-Statesman-USA TODAY NETWORK / Shutterstock

Tesla sales are declining, and not just in Europe

What’s Happening: Most people probably won’t be surprised to learn that Tesla sells more EVs in California than in any other state.

However, recent data shows that this may be changing as consumer sentiment shifts in a direction that doesn’t favor Musk’s company.

Specifically, they have dropped 35% in San Diego, California’s second-most-populous county and a key market for trendy, highly priced cars.

Related: Elon Musk leaves out key question at Tesla all-hands meeting

Why it Matters: It’s no secret that sentiment toward Tesla is sharply declining in Europe, primarily due to Elon Musk’s political stances. However, data indicates that Tesla sales are also trending down in the U.S.; a market the company cannot afford to lose.

“For context, last January and February, Tesla sold more vehicles in San Diego — 3,687 — than it did in the Netherlands, Norway, or Spain. In the first two months of 2025, the Southern California county sold nearly as many Teslas as Germany, Europe’s biggest car market. Of course, sales have declined steeply there, too,” reports Sherwood News.

What it Means: Tesla’s prospects may be worse than they previously appeared. Some experts speculate that losing European market share won’t matter much, but now data shows it is losing favor in parts of the U.S. key to revenue and profit.

Is the future of social media about to change?

What’s Happening: For years, social media platforms have come under fire for algorithms that prioritize rage-baiting content or text and video posts designed to drive engagement by inciting negative reactions.

However, a new app called Sez Us is poised to disrupt the social media ecosystem by prioritizing the opposite.