I am not saying I am selling my stock or my car, but Elon needs to focus or Tesla needs to move on. However its quite clear that Elon has lost his way. I love my Model 3 and have a couple shares in the company. I have defended Musk and Tesla since the beginning. We just reported yesterday that surveys show the favorable opinion of Tesla has gone down since Musk acquired Twitter, and by any metric possible, including the obvious one being the stock price, the acquisition of Twitter hasn’t “elevated Tesla’s brand reach or marketing” one bit. He says that it is an “unpopular opinion,” and that’s clearly because it is wrong. Instead, he decides to respond to Omar Qazi (Wholeblogmars), who is unarguably his biggest sycophant, framing the situation in a positive light. We have a great example here where he hasn’t addressed any of the many Tesla shareholders, most of whom are long-time supporters of his, expressing serious concern about his approach to Twitter and how it is affecting Tesla. This is a far cry from his use of the platform from years ago where he would actually use it for feedback about Tesla and to promote climate initiatives.
To be fair, that’s sometimes the case, but he let it get to him to a degree that fair criticism has no or very little place in his Twitterverse. Over the last few years, I feel like Musk turned his own use of Twitter into a sort of echo chamber where he encourages his loyalists to praise him constantly and where he sees people who criticize him as “attacking” him with ulterior motives, often political. Electrek’s TakeĪlright, this might turn into a rant, but I will go for it anyway. The CEO didn’t elaborate on how he plans to make that happen.Ĭonsidering Tesla lost over $500 billion in value since he moved assets from Tesla to Twitter, it would be quite an achievement to turn that around. I will make sure Tesla shareholders benefit from Twitter long-term- Elon Musk December 13, 2022 Gary Black, another big Tesla investor and long-time Musk supporter, said this yesterday: We reported on Leo KoGuan, a billionaire who is the third-largest Tesla shareholder, having some harsh words about Musk. Over the last few weeks, many long-time supporters of Musk have started to change their tune and express concerns about the direction Tesla’s CEO is heading. In fact, Tesla is down a stunning 60% since Musk started selling TSLA stocks to acquire Twitter: Many analysts are linking Tesla’s drop to Musk’s acquisition of Twitter – both due to his financing of the acquisition by selling Tesla stocks and through his use of the platform since the acquisition. The market is also down during the same period, but Tesla is undoubtedly being affected more heavily by other factors than just the broader downturn in the stock market.įor example, the market was up significantly over the last two days, and yet, Tesla’s stock plunged 10% as CEO Elon Musk made comments on Twitter that offended parts of the population. Elon Musk said that he “will make sure Tesla (TSLA) shareholders benefit from Twitter long-term” after they just lost billions of dollars.Īs we reported earlier this month, Tesla is having its best year ever by almost every financial metric other than its stock price, which is now at a two-year low.
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