Tesla, one of the biggest names in the electric car world, has been dealing with big problems recently. For the company, 2022 was a nightmare in a way when we look at the general trend. The collapse in the shares makes company officials and investors think. So, what’s the problem?
Is Elon Musk a threat to Tesla?
Tesla shares, which went public 12 years ago, are one of the best-selling shares. In addition, the company had once been the largest automotive company. However, the collapse in the last three months is taking the company’s titles away one by one. Tesla stock fell to its lowest point since August 2020.
Tesla shares are down 60.2 percent in the past three months. Tesla’s market value, which has been losing value since last week, has fallen below $ 350 billion. This represents a loss of $900 million compared to its value of over $1.23 trillion nearly a year ago. Corporate investors have an idea as to the reason for this downturn.
Elon Musk, along with Tesla, has become one of the most popular people of recent years. While the company is at the top of the automotive industry, Musk has also determined the course of the cryptocurrency exchange many times with his tweets. However, Musk’s image has been badly damaged lately. In addition, the process of acquiring Twitter raised questions in the minds of many investors.
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According to the information received, Tesla investors think that Musk is not interested in the company. After purchasing Twitter Twitter 2.0 Musk, who started the process and was criticized by many for his brutal dismissal policy, is rarely interested in Tesla. This causes investors to flee.
Ross Gerber, co-founder and CEO of investment company Gerber Kawasaki, emphasized that the partnership between Elon Musk and Tesla should end. Stating that Musk should even leave Twitter, Gerber argued that Tesla investors expect Elon Musk to focus on Tesla or leave. It seems that Musk has to make a radical decision.