Tesla shares have fallen 28% since Elon Musk took over Twitter (3 min read)
Tesla stocks lost 28% since Elon Musk acquired Twitter while automakers like Ford, GM, and Volkswagen were up in the positives during the same time period. Despite the better than expected inflation report that drove tech stocks higher on Tuesday, Tesla stocks slid another 4% and reached a new record low in years. Elon selling Tesla shares to finance the Twitter deal and delays in vehicle production have all contributed to the pressure in Tesla stocks this year. Investor sentiment has also weakened as many see Twitter distracting Elon from leading Tesla.