Topic: Tesla’s stock prices dropping fast (Read 779 times)

It is unlikely that in this case there is a relationship between the fall in the price of Tesla's stock and the recent acquisition of the social network Twitter by Elon Musk. The reason for the fall in Tesla shares must be sought in the activities of the company itself. It is possible that this is a seasonal price fluctuation, as we see in the cryptocurrency market. It is possible that demand for Tesla products is falling due to the upcoming Christmas and New Year holidays. Buyers of electric cars are more interested in the car itself than Elon Musk's social activities.

I think he has a good plan for twitter and he is interested to put in fresh work force and maybe this is misinterpreted by the media and that could be leading to the stock of Tesla to be dropping. Surely he will come back stronger and he is a media entertainer, he will come up with some media gigs that will increase the relevance of his companies.

It seems that investors are starting to worry about Tesla because Elon Musk started selling some of Tesla's shares to build new ideas on Twitter, this has sparked investors' panic over ownership of Tesla's shares, so the share price has decreased in recent months.

Elon Musk is an entrepreneur, he knows what he is doing will have an impact, making the decision to acquire social media Twitter which he did was a new idea in his business. But I think he's starting to plan to take over the whole of Twitter, in fact a lot of employees are starting to get laid off on the social media platform.

For Tesla's relationship, I don't think he has completely abandoned it, it could be that Twitter media will become Tesla's partner in the future. Because Elon Musk is unlikely to divest part of Tesla's shares, if he doesn't have big plans on the social media platform.

The main reason why it is falling is because musk sold a big portion of it. It was reported lasted time. Maybe some of the profits that they will be getting are going to be diversified on other investment instruments. This can be a good thing and can help them in the upcoming recessions.

Speaking of recessions, laying off workers are a part of it. This seems harsh but the company are going to suffer badly if they won't do it. By the time they recover and earning well once again, they still can rehire those workers that they laid off. Musk is a smart guy and he won't be able to grow his company like this if he isn't strategic so we must not worry because he surely knows what he is doing.

Ok, what exactly are the qualities you guys are measuring when you say it's the "best" electric car? Best how? Can you point to reviews compared to rival electric cars?

Have you seen what the competition has been building all this time?
https://www.hotcars.com/elon-sheds-tear-tesla-model-s-plaid-loses-fastest-car-crown/

Or is it just because it was first one that brought awareness to electric cars? Because i am thinking Tesla might have done better without Elon hijacking it over.
What we are seeing in the stock price could be natural correction like you said, but most likely it's the price of electricity.

When it comes to management, it's actually not that simple, and I don't think the price is falling just because of the company's attention being diversified. I believe Musk laid off about 7500 workers globally, but that decision seems very harsh to me given the numbers, and one thing I admire about Elon is that he will still bounce back. In addition to being a businessman, Musk also knows how to play the game, so I think the company's 20% decline in market cap is a sign of reinforcement for Elon.

Yes I would say the same things, although we may wait little bit more and we can start do the accumulation of tesla stock  . and Indeed Tesla produces the best car, especially with their auto drive fiture. Tesla stock maybe took a hit too after mr.elon need money for twitter  and after I check it, this happen not just in tesla but also in other the same industry like rivian and lucid

The clearest point made about Tesla vs Twitter is the CEO time of Elon Musk is clearly divided where he is distracted from management of Tesla.   Whatever view on the higher multiple valuation to Tesla, if the man is not there its not as possible for him to work his magic.  Dont have to be that bearish when the price has been bid up so much, just going back to the '420' buy secured moment is reasonable says one of the men (Ben Hockett) who foresaw the 2008 housing debt problem before it fell; perhaps somebody more reliable for a reasonable take on hyped market values.

In many ways it was inevitable that Elon would abandon ship from this company eventually, he is a very manipulative figure and currently tied up with his vanity project Twitter - which he vastly overpaid on but it feeds his psychopathic and narcissistic behavior. Tesla made most of it's money for many years from selling it's carbon credits to other automotive manufacturers, but they have caught up now and are starting to be ruthless competitors again. Tesla doesn't have much unique and many people bought into it just because it went up in value without doing a proper analysis of it. Ignoring stock splits it went up about 10 times in price from 2019 onwards, so a correction was bound to happen because it simply was not profitable enough to justify it.

Remember when that Space Karen himself said the tesla stock was too high?



I was just looking at the chart and there's no way of telling where the bottom is. There are support levels of course but when the company is going to toilet those meme lines are pointless. It might as well drop 70% more just because the cost of electricity renders the cars unusable in Europe.

And then there's the fact that Elon used 26% of if own networth to buy a twitter only to see advertisers funding it leaving. That doesn't really grow trust in the Tesla leadership.

Shares are a bit like cryptos in a sense that they can get very volatile. Tesla isn't doing well if compared to November 2021 ATH point, but it's still higher now that it was a bit more than two years ago. I don't like Musk and I think people like him should lose some power, but I don't think the current situation is signalling the end of Tesla's glory, any more than the current BTC fall means it will never recover. Moreover, electric cars are better for the environment overall than other cars (although not as good as some might assume), so seeing Tesla go down wouldn't be particularly pleasant to me.

Musk tesla is a hit and musk is very happy with his decision he is making at twitter.
HE is not afraid of what people would think - he is bold and fear nothing.

I think this is caused by a multitude of issues. Primarily how belligerent Elon is on Social Media, specially after that mess-up of royal proportions on Twitter, a serious and obvious case of "don't try to fix what's broken". Since then the people's trust of him is steadily declining and his true nature as an old-money emerald billionaire from the South Africa is being shed light on. Add to this the fact that we're facing one of the worst economic declines to date and we'll have a stock price from a notable company steadily dropping like the expectations of people for Elon.

The stock market in general is overvalued and without a doubt the Tesla stock is overvalued even now, however what happens is that with the death of Steve Jobs the media was looking for the next genius and they focused on Elon Musk, however from the very beginning I have thought that his purchase of Twitter was a huge mistake and it seems I was not wrong, Twitter is simply not on the area of expertise of Elon Musk and the way he has manage it has began to raise many questions as it is obvious he is not sure how to handle it.

Well, even Elon Musk couldn't make the price stop to not to fall down, this is something I couldn't expect from Tesla and Musk because just after Elon Musk bought twitter and he got full access to one the most important social media I was expecting to see the effect of his action in market to change the situation positively. because now he can spread any news he wants on Twitter by using this power he got.

Well, there have been critical voices over the last few years about a massive overvaluation of the Tesla company in general.
Ofc, nobody holding Tesla stocks wants to hear that, however I wouldn't be suprised to see a huge implosion within the next 1 to 3 years.

Musk has quite the polarizing personality, which is always good for any kind of press, good and bed. I think the high level of attention he is getting did have an impact on the Tesla stock evaluation.
Personally I would always be very sceptic towards any kind of cult / hype around just one "genius" individuum. People tend to underestimate their own potential and overerstimate that of charismatic people.

Thank God I have bought everything in the crypto currency and little less or maybe nothing from the stock market. I’m very terrified when it comes to the Share market games. Don’t know there is too much of wait time for them to boom and also there is always risk like the one is being explained in the Op here. With the crypto currencies that’s what we can avoid. Yes there is lot of volatility and stuff however we can always be sure that asset like bitcoin can always boom itself to unexpected price. So I’m going stick to it only and stay away from the billionaires tweet.

Tesla is riding with the hype created by Elon musk name. I believe that it is overvalued too. I check on the list to see the ranking position and is number 20 in the world in car producers.

https://www.carlogos.org/reviews/largest-car-companies.html

So if it is dropping in value of the stock it is not surprising.

Perhaps investors are worried that Elon Musk is simultaneously engaged in a large number of different projects. 

Tesla is a very ambitious project.  However, in order for electric vehicles to completely replace cars with an internal combustion engine, it is necessary to make a lot of efforts. 

The world economy is currently in recession.  At such moments it is very difficult to develop new projects - there are simply not enough resources. 

Therefore, Elon Musk should concentrate on one project, and not try to deal with many different projects at the same time.

It was his problem from the beginning.

Musk was always involved in too many different projects at the same time starting new ones and leaving the old ones unfinished.

He has the mind of a garage inventor who tinkers with a thing for a while then throws it away because he has another idea and then comes back to the old project and half of them never get finished while the other half is completely useless but once in a while he makes a real gem that gives him money and energy to keep working.

Stocks will keep falling as long as the FED keeps cutting but the FED itself said that they will stop somewhere next year and everything will recover.

Stocks are representation of the economy not only the state of the company.

It is not the same with Twitter because the entire thing is politicized. Elon stands for common sense and some of the popular belief now in certain countries is to reward stupidity and with the way things are going it is a long hard battle  .


Even if there are other companies manufacturing electric cars, Tesla produces the best and he is way ahead of others. What we are seeing in the stock price is a natural correction and there is nothing to be worried.

Yes I actually agree with your saying, Musk is businessman and the way what he thinks about their company/project is out of the box.
He invented many crazy company like Boring company, Spacex and starlink

What happened in twitter like laid off is happening in other tech company too  but I hope it will recover too

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Tesla is a gamechanger paving the way to electric car but the stock is overbought in my opinion and the old car manufacturer start to making the car too. and don't forget with other new company who made electric car too like rivian. that is why investor start to pull out from tesla and diversified to other manufacturer

Prior to the Twitter issues most people already knew that Tesla stock is overpriced and overvalued. Had Musk's Twitter debacle not occurred, the  state in which it existed may have lasted longer. Good thing it happened sooner because most smart people will force everyone to reevaluate both Tesla and SpaceX stocks in as a result of what is happening there.

Tesla's stock was no doubt overvalued at the peak.  It needed a fall.  Elon even said so himself.  I'm starting to think the valuation is presenting an opportunity for long term believers now though.  As a car company I think it's probably overvalued, but if Tesla is going to make money from colonizing Mars, putting chips in people's heads, and selling robots to households, I think it's probably a good value at the current price.  I haven't dug into Tesla enough to see what stakes it has in Elon's other companies or what beneficial relationships they may have, but I'm assuming they're all somewhat intermingled.

A lot of tech stocks are falling from their pandemic highs but Tesla is falling disproportionately lower than the rest. Part of it is the U.S. economy approaching a recession, if not already in recession, other part is clearly his Twitter antics. Tesla was overvalued and the marketing gimmicks of Elon promoting Tesla as a "technology" company and not a vehicle manufacture have gotten rather old.


It's true to an extent but Elon gives me the impression that he's a bit emotionally unstable over the past month. That's not good for business.

This is to say most of Elon musk wealth is attributed to Tesla because he has really fallen off the top of the billionaires list.

Tesla stock has been one of the most consistent in history to be Frank and I don’t see how any holder of Tesla stock should worry so much about the current drop.
It’s more of an opportunity to accumulate Tesla stock now, it’s the future of Cars and would make for a good investment.

Elon, himself said that people shouldn't buy Tesla's stock because it's utterly expensive and he don't want people to lose. Yet, people took his words oppositely and bought the stock.
With its overpricing, he's got all the initiative to sell his stocks and purchase and take the ownership of Twitter. It's just like transferring his wealth from A to B.
And this is normal for those folks that has a lot of money through their own shares of stocks from their companies.

Its sad you are so right and so wrong at the same time.

EV will whale = true

Tesla will fail = true.


Why does Tesla fail?

Ford will bury them.

And as for electrical power going up yes for 10-20 years.

then the fusion plants will drop power cost to all time lows.

It is not a surprise that TSLA is dropping like a rock. There are many reason for that.

First of all, the stock was and still is, heavily overbought. It is expensive af. The P/E ratio of that stock is above 40 while the world's biggest car manufacturer Toyota has a P/E of 11.

Second of all, EV's are a dead end. Oil is not going away no matter how hard you lie to yourself. The lithium prices are already climbing along with the electricity prices. It is not sustainable. If you think oil consumption is unsustainable but lithium battery is, you are in a big fucking surprise.

Elon already knows that and that's why he is dumping his position on TSLA like there is no tomorrow.

Yes I saw something like this on Twitter about the second largest shareholder complaining about Elon Musk of not been that proactive I'm the company's duty since he purchased Twitter. Must of his attention had been on Twitter which had been causing the continuous decrease in the Tesla stock market. I think if this continues, the board might have to look for another person that would handle the position since he is so focused on his new purchase of Twitter. I am still surprised why he is so comfortable sacking his workers why others are resigning because of his strict rules and duties given to them.

This was bound to happen after the recent price rally in the price of the share i feel this is just the correction in the price right now. I remember the stock rally which happened in price of Tesla post Covid was most prominently led majorly by the Semiconductor shortage which Tesla handled really well as compared to any other company on the planet. They managed to produce cars even though rest of the Automobile companies were not able to meet the lead time demand. But obviously now as all the companies have picked up the production as per the demand this was pretty much bound to happen. The stock price was overinflated and now is just coming to a correction.

Maybe while you were just typing, people we are already queuing in to buy the low. Lol
That is how the stock market and cryptocurrency market is designed. Every low is seen as opportunity whether manipulated or not. This is why many people do not have faith in centralised system.
Centralized system is always crooked and that is the simplest way to keep making the rich become richer and making the poor poorer.

That Musk's way of handling Twitter is somewhat controversial and how it seemed to reinforce his image as a villain must have contributed a little, but I don't think that's the main reason. There are probably a number. Not least of which is the aggressive and successive interest rate hike by the Fed. And it's not just Tesla that is significantly affected by this.

Specifically, I guess it's also a reason that the future of electric vehicles is somehow challenged by grid capacity. While this is dismissed by many, the reality on the ground is that even at the current adoption pace, many have already been charging using fuel-powered generators because of grid congestion.

It is not easy to make a direct guess about this situation, but there could be several reasons for this situation. 1- Musk may be selling Tesla stocks to fund Twitter. 2- He has political statements that anger Democrats and Democrats may be selling Tesla stocks because of this. 3- Short sellers who turn the crisis into an opportunity.

These are all just guesses. I think Elon is a little naughty, but he's a good and fun guy. I think our world needs people like him. :)

Only for a minute? Hhmm, you better extend that or make that permanent because I am sure that Elon will keep doing shady things which can affect the public but not for him. He want to make sure that he is still taking a benefit because he is smart right?

But, it's only sad that most of the money that he make are not from a clean and fair way like for example on what he did with BTC and Dogecoin before and now on his own Tesla stocks. He sold a big chunk for profit, completely dumping the price. There might be people who will be tempted to invest after this, making the price to rise again. The cycle will just repeat if they won't wake up.

I think there is a bit of it, but more like a snowball effect. Think of it this way, he sold, and dropped it just a bit but people saw the dropped and they sold some too and there were some stop loss and some hedge funds and suddenly you are looking at a bigger fall.

Twitter probably has nothing to do with it, only possible relation is that he seems to be caring about Twitter more than he cares about Tesla nowadays and that's an issue for Tesla of course, but that wouldn't be something to care about suddenly right now. As long as Tesla keeps building cars and selling them with ease, not having any problems with unsold cars like some other companies have, then they will keep growing.

A billionaire hyping for his own financial gain, and people fall for that. Just like Tesla did the second stock split in a short time: normally, a stock split doesn't increase the total market cap. Experienced investors know it doesn't matter. Tesla seems to target n00bs who think the stock got cheaper and start buying more of it.

I do not trust Elon for a minute but that does not remove the fact that he is a very smart billionaire, which I'm not surprised about, because the richest man in the world ought to be among the smartest men living. He has all he needs in this life and most of the things he does now is for experiment and just to fulfil his desire. There was absolutely no need of acquiring Twitter. What started like a joke became a reality and recently he has sold over 3 billion dollars worth of Tesla stocks. This his movement may be tilting towards an investment or influencing but we may not understand his moves, that is why I don't follow him sheepishly. Even in crypto where his preferred coin happens to be dodge. I like monitoring from distance and that is the same category I placed CZ. They are too smart to be followed sheepishly they can outsmart you at any given time at your own peril.

So isn't it related to the fact that he sold part of the shares?? It seems to me that the purchase of the Twitter platform has a mediocre character here. His company has proven itself well, and it seems to me that shares will be bought up even at such prices.

"Obviously, in turbulent macroeconomic conditions, beware of borrowing when the Fed keeps raising rates," Musk tweeted earlier this week, said. Musk continued to sell his Tesla shares, quite a lot this year. However, Musk said that he would not sell shares after April but he did not do so. After Elon Musk bought Twitter, there was pressure on Tesla shares. Tesla's long term investors think Musk should quit Twitter. Musk should focus on Tesla and not waste time with Twitter. But since the last fall, Elon has made a profit as he has sold his shares at high prices. He always does this.

Well that is mainly because of over-enthusiasm investors for Tesla. We know how Elon Mush behaved for the past years back riding the trends on every platform. Becoming overvalued stock makes the tesla a good and bad security, though it is expected to have a farther 'potential' fall it is fine to buy more with slight to medium caution coz Elon founded it in a gen Z manner. Tesla will stay at top for Car manufacturers stock prices, but not with earnings, there's a ratio in relation with these two. I've got to be honest, tesla is looking good for the next 5 years, its just Elon that making of a hell of unpredicted stuff these days.

Some people may have been surprised by all that he is currently doing with Twitter, but he is just showing his true nature and with that, without any doubt, he has angered and disappointed many people around the world. He still thinks he is doing something good, and at the same time the list of famous and influential people who leave that social network is getting bigger and bigger.

I think that part of his business has an impact on all other companies, especially the part that relies on car sales. If someone does not agree with his actions regarding Twitter, then maybe they will sell the shares of his company or decide that they no longer want to drive or buy vehicles manufactured by his company. However, I don't worry about people like him, with all the wealth he has and billions of dollars in incentives from the government, he can continue his game.

Tesla is still highly overvalued for a small car manufacturer. It doesn't make sense to be worth more than many large and experienced car manufacturers.

it seems that investors are no longer liking Elon's antics regarding Twitter and feels that as long as the man is trying to play with this social media giant, it will eventually lead to disappointments and financial mistakes on the CEO's part. The general public sentiment about Elon handling Twitter has been pretty negative thus far, and it just makes his image a lot more distasteful the more he pushes through with this Twitter thing. Even if the brand itself is doing so-so in terms of market performance and general public sentiment, the fact that Elon is on the helm of its operations also make Tesla an easy target for the public (and investors) lashing out on Elon.

twitter acquisitions happens months ago..
price didnt tank till this week

this weeks tesla share drop was because elon sold $3.6b of his own shares
the shares were sold over 3 days (monday tues day wednesday)

With his recent acquisition of twitter, he has been tweeting like crazy and people are starting to see him in a new light. He really is addicted to publicity and fans adoring him and bootlickers kissing his ass. The only person who tweeted and loved adoration this way was Trump, so perhaps they’ve got more in common than we all thought.
His handling of twitter and his ramblings on there isn’t entirely to blame for his Telsa stocks crashing, although it’s a huge factor. Some people just can’t afford to buy cars from him anymore.

I agree with and appreciate your views on connecting the dots to make a sense. Tesla's stocking crashing is not just beause of Elon's mismanagement on Twitter but more about the market demand for electric cars decreasing due to the high energy cost for electricity or other fuels. This is far more logical than judging a person or a company from an isolated perspective. You'll see a lot more consequences to come in the future.

The decline in Tesla stock price has dropped quite a bit and even on the day it was recorded that their shares had decreased by up to 4.15%, the decline that occurred of course made some shareholders a little scared and they claimed that the current decline was due to the actions of Elon Musk who acquired Twitter some time ago, although logically tesla and twitter are companies that have different backgrounds, the actions of someone as influential as elon musk will of course have a negative and positive impact on all the companies they own, but I think the current decline is only a temporary impact so that when Tesla or Elon Musk are able to create hype again, their stocks will automatically go up again.

I don't like subscriptions business models anyways.
Hopefully this is true and turns into a good precedent for Tesla to be forced on getting rid of that nonsense and perhaps even other companies which may plan to do the same, like Ford.

No doubt that if that is the case, the stock price will continue to fall. On the bright side, Tesla investors should be grateful they did not invest on Nikola instead, this dump is nothing in comparison to what happened to Nikola's stock. 

Some sources are claiming a judge ordered tesla to downgrade its self driving software to freeware and eliminate the monthly subscription plan for a single customer.


I'm not certain if this will translate to other cases. if tesla will be forced to follow similar legal precedents in other cities and states. Maybe it won't amount to more than a single isolated incident?

Tesla's decline in stock price could represent the worst case scenario. Traders tend to assume the worst. Which could imply tesla's current stock price is a little undervalued at the moment. But there could also be declines in overall sales revenue which could be stacked on top of this, looming on the horizon. Recession generally correlates with declines in revenue. Tesla is said to have a long waiting list of buyers waiting for delivery of vehicles, which should guarantee demand. But there is also supply chain impact on revenue to consider.

In my opinion, this makes more sense. Investors may be right. They are worried that Tesla will not be managed properly by Elon Musk because he is focused on managing Twitter. Since the beginning of buying Twitter, Elon has always been preoccupied with this company.
I think not only that but this is also caused by the news of the threat of recession. I can't avoid it, because companies and investors are very afraid of the recession. Of course, it has a big impact on the world of stocks and the business ecosystem. If you pay attention, not only Tesla has fallen, but Google, Amazon, Meta, Microsoft and others have all seen their declines over the last year. I think this is a normal event in the current economic situation.

Might be his greatest strength or weakness. It always come the way we never want it haha.

I am expecting every thing to be down during this time, inflation in many countries have been alarming with less competitiveness from the government. Tesla will drop by 20% in the 1st quarter of 2023, that's a quick maffs.

How do we make this when the leaders are being neck-grabbed by these money freak company owners? They are just the ones who has a future in this world.

I never said he had perfect PR and he definitely had a decent amount of bad press here and there, but it's still good knowing how huge his following is. There will always be people that's going to hate him and the people selling their Teslas because of Elon's takes is a total nothingburger.

Elon Musk is one of the best examples of "any publicity is good publicity".

In what way are you measuring it? Because i can tell you why i said his pr could be better:

I've never encountered Hate against tesla or elon so much before this. He was doing just fine. He was even written jokes in SNL that made him look very symphatic.

In where i live, there were ton of public people in selling their Teslas in because of Elon's views and actions. Companies in twitter / pr accounts of cities were wondering if they would stay in twitter. So those were individual haters? How many individual haters you need to still have good PR?

Sure, Elon has fanbois, there's no question about that, at some point even i thought he might be just misunderstood before the whole pedo-tweet incident. That day i started to look more closely what kind of man is Elon. And those fanbois are not his advertisers that left the twitter, fanbois are not the ones dumping his stocks either.

So tell me how is his PR great? If you are talking about followers in twitter, then did Trump also have good pr?
And if he was, then what was he complaining in the first place?
End Elon has very much similar follower base to trump, people who love trolling and some mystical "sticking it to elite".
And this clown is richest man in the country that loves draconian work culture... This union is just plain weirdly masochistic.

Rest of people always want to see a dumpster fire, especially when that dumpster is worth $181.3 billion

The Tesla stock price dropping has little to do with the acquisition of Twitter by Elon Musk.
Tesla is viewed as a high tech company by the investors, rather than an automobile company. The big tech companies are facing big decline in their market cap. A recession is coming and many people won't be able to afford expensive Electric Vehicles. The revenue of Tesla will go down.
I'm still perplexed by the fact that many people consider Elon Musk to be a genius. He's not a genius and he isn't even a good businessman.
Tesla and SpaceX weren't successful because of Musk. They were successful because of the engineering teams and the government support. Paypal wasn't successful because of Musk. His weird side projects, like "The Boring Company" are turning into a failure.
I still don't know why this guy has become the richest person on the planet. He is basically the biggest oligarch in the USA.

If I were to guess, this is simply because retail investors think that Elon Musk's attention would once again be divided due to him handling another company(Twitter). That, and Tesla has always been tremendously overpriced in the first place.



Elon Musk is actually doing really great PR-wise. You just don't expect everyone to like you especially if you're a person with that huge of a following.

Maybe this is happening because Elon Musk's own focus is being devoted to other things at the moment and one of them is for social media Twitter. A month ago I also had time to read a bit of news in the local media where Elon Musk said that he was not disclosing more information about Tesla's future. But regarding cheap cars, Musk said it was thinking about it. "I can't talk about Tesla's future. But we do think about making more vehicles for less money than we do," Musk said. _[Reference]

Funny enough, if Elon Musk would just shut up he would have better PR but i guess that's not an option for him. He is just too addicted fo a publicity and fans adoring him.

But stock didn't crash only because his twitter saga train crash, which was a huge part of it. It's now winter and clear to everyone that no-one in Europe can't afford to drive electric cars, not until there's cheaper energy around. We were counting too much for pipes coming from russia. And it didn't help Germany to shut down their nuclear reactors.

We need to invent cheaper and eco-friendly ways to produce energy for preventing something like this in the future.

I can understand that if the stock dropping for Tesla since Twitter is in the hands of musk. Musk is not like by everyone especially the bitcoiners so they don't know what he will use Twitter for or against bitcoin. The way that musk is sacking old workers also can bring more people to dislike and withdraw stocks they have in Tesla. It is a lot of reasons we think about for that. It is a challenge he need to go on that but if he stable Twitter with good policy he will gain confidence back and Tesla share will start appreciating.

Overall, I like following Elon Musk because he's interesting and he has a lot of cool projects going on. However, he's not the best at handling Twitter. Sometimes it's hard to understand what he means and his short-worded tweets can lead to confusion among readers.

In the end, Musk is a shrewd investor who knows how to play the game. He's smart enough to realize when he needs to make a few sacrifices for the greater good. At the same time, this Twitter incident has given us some great insight into how Musk's mind works. That alone might make it worth it.

Tesla’s stock prices have seen a decline of about 20% in the last two months following his purchase of the social media app twitter.

It’s clear to me at least that his recent acquisition and handling of the social media app has in a way, contributed to the decline in the stock price of his automobile company.

https://www.ibtimes.com/tesla-stock-price-has-plunged-28-since-elon-musks-twitter-takeover-3646963