Crypto, Politics, Tech, Gaming & World News.

Elon Musk’s Twitter chaos has investors asking Tesla to act like a basic automaker | CPT PPP Coverage

 | cutline • press clip • news of the day |

Cryptopolytech (CPT) Public Press Pass (PPP)
News of the Day COVERAGE

200000048 – World Newser
•| #World |•| #Online |•| #Media |•| #Outlet |

View more Headlines & Breaking News here, as covered by

Elon Musk’s Twitter chaos has investors asking Tesla to act like a basic automaker appeared on by Nora Naughton.

  • Tesla investors think Elon Musk’s Twitter controversies are hurting the automaker’s value.
  • Musk has bristled at criticisms that running Twitter keeps him from focusing on Tesla.
  • Tesla shares dropped 65% in 2022, and are still sliding.

As Elon Musk bounces from controversy to controversy at Twitter, some Tesla investors are hoping the electric car company will start acting like a more mature company.

Once mired in the “production hell” that kept it scrambling to meet rampant demand, the EV pioneer is now navigating waters more familiar to its established rivals. Tesla recently reported disappointing fourth quarter sales after offering hefty discounts on its most popular vehicles in the US and China, a worrying sign of over-building. 

While Tesla deals with these time-worn industry problems, Musk has courted controversy at Twitter, and Tesla investors are tiring of the potential effect on Tesla’s value.

“The Cinderella ride is over for Tesla,” Wedbush analyst Dan Ives wrote in a recent note. “Musk now needs to navigate the company through this Category 5 dark macro storm instead of focusing on his new golden child Twitter, which remains a distraction and overhang for the Tesla story/stock in our opinion.”

Musk has said he’s not missing any important Tesla meetings or ignoring important business decisions since taking over at Twitter, and that he “literally can’t think of anything” he could have done to help Tesla’s execution in the last two months of 2022.

Shares of Tesla dropped 65% last year, and continue to slide

But investors have reason to worry. Shares of Tesla dropped 65% in 2022, with much of that slide happening after Musk took over Twitter in October. After reaching a historic $1 trillion market cap in October 2021, the electric car company’s market value now sits around $349 billion.

Meanwhile, Tesla on Friday again slashed prices on the Model 3 and Model Y in China, the world’s largest auto market. In the US, Tesla is fresh off an end-of-year cash-back deal for the same popular models, which offered an unprecedented $7,500 discount. Investors have said they expect more price cuts in response to softer demand this year.

Musk has also spent much of the year selling off shares of Tesla, in part to help to fund his $44 billion purchase of Twitter. Musk promised to stop selling Tesla shares for “probably two years” in a Twitter Spaces conversation with investors at the end of last year.

In the same Spaces conversation, one participant raised concerns about Musk’s controversial political views and decisions to allow some previously banned far-right voices back onto Twitter is hurting Tesla’s brand. 

Musk bristled, responding: “I’m not going to suppress my views just to boost the stock price.”

FEATURED ‘News of the Day’, as reported by public domain newswires.

Find more, like the above, right here on by following our extensive quiclick links appearing on images or [NEWSer CHEWSer].
View ALL Headlines & Breaking News here.

Source Information (if available)

This article originally appeared on by Nora Naughton – sharing via newswires in the public domain, repeatedly. News articles have become eerily similar to manufacturer descriptions.

We will happily entertain any content removal requests, simply reach out to us. In the interim, please perform due diligence and place any content you deem “privileged” behind a subscription and/or paywall.

CPT (CryptoPolyTech) PPP (Public Press Pass) Coverage features stories and headlines you may not otherwise see due to the manipulation of mass media.

We compile ‘news of the day’ content in an unbiased manner and contextually classify it to promote the growth of knowledge by sharing it just like Elon Musk’s Twitter chaos has investors asking Tesla to act like a basic automaker

First to share? If share image does not populate, please close the share box & re-open or reload page to load the image, Thanks!

You might also like