December 28, 2022

Tesla Shares Continue To Tank

Story - Jai Pratap

Tesla shares are down 11.41% in the last 24hrs, almost 70% down this year.

Elon Musk’s Tesla has lost nearly $241 billion from year to date in terms of market capitalization.

Since Elon Musk bought Twitter, Tesla shares have lost nearly 50%.

Much of the blame of Tesla’s poor performance has been pointed to Elon Musk’s involvement with Twitter.

Earlier, replying to a reporter’s claims about how Elon is damaging his reputation along with his companies, Musk said legacy media should worry about its reputation. We have only just begun.

Elon Musk earlier today tweeted that he is open to the idea of buying online publishing platform Substack and combining it with Twitter.

The eccentric tech billionaire had earlier promised that he won’t sell Tesla stocks for next two years.