Musk sinks Tesla stock, blames Ukraine for cyberattack on X

We are not sure what exactly happened, but there was a massive cyberattack – aimed at destroying the X system – originating from IP addresses from the territory of Ukraine, said on Monday the owner of the platform and advisor to the US President Elon Musk.

Musk sinks Tesla stock, blames Ukraine for cyberattack on X

photo: Nathan Howard // Reuters / Forum

The businessman said this in an interview with Larry Kudlow, a former adviser to US President Donald Trump, broadcast on Fox Business. He referred to Monday's disruption in the platform's functioning, which lasted for several hours.

Earlier, the hacker group Dark Storm claimed responsibility for the DDoS (Distributed Denial of Service) attack in a Telegram post. As noted by ZDNet, cybersecurity firm O range Cyberdefense described the group in 2023 as motivated by pro-Palestinian sympathies and “unconfirmed” but “highly likely” ties to Russia. Previously, Dark Storm attacks, including ransomware, targeted companies in Israel and NATO countries.

Tesla lost 15 percent on Monday.

Musk also touched on issues with his other companies, including protests at Tesla stores, a series of vandalism incidents and Tesla’s stock plummeting 40% in the past month, down 15% on Monday alone.

“It’s a tough ride. But I think we’re doing the right thing here,” he said, referring to his role as the informal leader of the DOGE team, which aims to curb unnecessary government spending. He promised again that — if no one stops them — DOGE will save $1 trillion. He claimed it has already saved money at a rate of $4 billion per day.

According to information on the DOGE website, savings to date amount to $105 billion, but according to analyses by, among others, the New York Times and AP, they are many times overstated.

In addition to Tesla and X, Musk also owns SpaceX, tunnel-drilling company Boring Company, brain implant company Neuralink and artificial intelligence company xAI.

Asked how he balances running these businesses with his job in the White House, the billionaire replied, “with great difficulty.”

From Washington Oskar Górzyński (PAP)

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