Elon Musk’s “Twitter Love” Sinks Tesla

Billionaire businessman Elon Musk has been through a very good process recently. does not pass. After buying Twitter, the world’s most popular microblogging platform, the arrows of criticism target board Musk, who has become one, also took the users on Twitter in front of him. The businessman, who started a survey in the past days, is in the direction of leaving Twitter CEO. with a clear result encountered.

But Twitter isn’t Elon Musk’s only problem. Elon Musk’s electric car company Tesla is also going through a difficult period. The company’s share value is declining. Moreover, this decline is expected to continue. The combination of all this also gives Elon Musk the title of “the richest person in the world”. to lose caused.

Tesla share value fell to its level in November 2020!

*Source: TradingView

In the chart above, Tesla’s stocks long term chart you see. The company declined to levels it last saw in November 2022. Moreover, analysts believe that this decline will continue. The reason such thinking prevails is because of Elon Musk’s tweet on “antics“According to analysts, Elon Musk’s stance on Twitter tarnishes Tesla’s brand image. Some Tesla investors are trying to stop the depreciation. CEO change He argues that he should go.

There is also the Chinese dimension!

One of the countries where Tesla sells the most and makes the most profit. Chinese is coming. But the news from China is not good either. COVID-19 has re-emerged in the country. Moreover, the public does not want to be subject to restrictions, but the coming months seem to be more difficult for China. Industry sources say sales, which will drop due to the pandemic, will push Tesla even more. to make it difficult they believe.

Elon Musk’s political statements also touch Tesla

Tesla has too many things grappling with. One of them is Elon Musk. political statements. As it is known, Musk harshly criticizes the Republicans and from time to time Democrats. Gary Black, who owns $50 million worth of Tesla shares, said:To the customer base on the left insult I don’t know what benefit you get from doing it.” Analysts say that even these statements cause people to move away from Tesla. According to Gary Black, if Elon Musk does not keep his promise on Twitter and does not leave his Twitter CEO, the company’s shares will continue to fall.

“He doesn’t keep his promises. Liar”

Another name that made statements about the situation of Tesla and Elon Musk is Gordon Johnson. Johnson, the CEO of an investment company, said that Elon Musk did not keep his promises and even that you lied imply. According to Johnson, some statements were made that rocketed Tesla shares. However, these explanations never materialized. Reminding that Musk said they were the ‘chip inventor’ and ‘the world leader in the humanoid robot industry’, Gordon Johnson said none of them not real states.

The title of “the richest person in the world” may be permanently lost

Above, the popular business magazine of Forbes topped the list of real-time billionaires. Elon Musk was the richest person in the world just a few weeks ago. But now this situation has changed. $155.8 billion Elon Musk, the second richest person in the world by wealth, has lost $ 7.9 billion according to the latest records. This makes Gautam Adani, third on the list, a stronger competitor.

There is a revenue gap of $26.4 billion between the two names, and if Tesla on the one hand and Twitter on the other, the crisis continues, that difference can close very quickly. In addition, Musk’s ‘wealth gap’ with the top is almost at the same level as Adani in 3rd place. Therefore, if we consider that things are getting worse, we can say that the probability of Musk falling to 3rd place is higher than the probability of reaching the top.