FILE - A Tesla logo is seen at the company's store in Denver's Cherry Creek Mall on Feb. 9, 2019. Owning Tesla stock in 2022 has been anything but a smooth ride for investors. Shares in the electric vehicle maker are down nearly 70% since the start of the year, on pace to finish in the bottom five biggest decliners among S&P 500 stocks.
While Tesla has continued to grow its profits, signs of softening demand and heightened competition have investors increasingly worried. And then there’s CEO Elon Musk’s acquisition of Twitter. Some of Musk’s actions since taking over the social media company, including doing away with a content moderation structure created to address hate speech and other problems on the platform, have unnerved Twitter’s advertisers and turned off some users.
That’s stoked concerns on Wall Street that Twitter is taking too much of the billionaire’s attention, and possibly offending loyal Tesla customers.Musk’s acquisition of Twitter opened up a political firestorm and has caused Musk and Tesla’s brand to deteriorate, leading to a “complete debacle for the stock,” Wedbush analyst Dan Ives wrote in a research note this week.
Musk has said that he plans to remain as Twitter’s CEO until he can find someone willing to replace him in the job.
'Owning $TESLA stock this year has been anything but a smooth ride for investors' Even recharging at Tesla can be equally perilous
CAN YOU SAY MARGIN CALL. LOL
elonmusk ICYMI $TSLA
Yeah one would think the actions of Elon musk which unduly harm the stock price of Tesla could open him up for the lawsuits to recoup the losses of shareholders.
How come Bitcoin being down 76% is called a 'crypto winter' while $TSLA being down 75% is called a 'rocky ride'?🤔
This stock correcting was always going to happen eventually. It was inevitable. The patents for the TESLA are readily available for other manufacturers to use. The idea was to start the EV movement. Its working and TESLA is still making profit.
christoq Tesla is owned by anti-democracy advocates.
Doh!
🚀
This does not seem to concern them and they believe that Tesla will be fine, I wish I understood this more. I also don't understand why Elon would not just be more neutral to protect his other companies and their vested interest, unless he wanted this to happen,
Incredibly overvalued to start with 🤷♂️
Damn, I lost my super tiny violin.
Hey elonmusk Any thoughts?
That's why he gets the big bucks
It's like owning a stock based on a 4 year-old's temper tantrums and soiled Pull-Ups.
Really curious how much of the government investigating every aspect of Elon's life had to do with share holders and investors losing faith in Tesla.
Energy Energy Latest News, Energy Energy Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CBSNews - 🏆 87. / 68 Read more »