2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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9%
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8%
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10%
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7%
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Detailed explanation-1: -Tesla’s stock lost over $700 billion in value. Elon Musk’s Twitter deal didn’t help. Tesla shares have dropped over the past year, partly because investors worry that CEO Elon Musk is too distracted with his takeover of Twitter.
Detailed explanation-2: -Twitter users voted on Monday to oust owner Elon Musk as CEO in a highly unscientific poll he organized and promised to honor, just weeks after he took charge of the social media giant. A total of 57.5% of more than 17 million accounts voted for him to step down.
Detailed explanation-3: -That’s not to say Twitter has played no role in Tesla’s stock price demise this year: Tesla shares have lost 66% of their value since Musk’s interest in Twitter was first disclosed in April, with a 45% decline since he closed on the deal in late October.
Detailed explanation-4: -Tesla stock fell by around 70% in 2022. Many blame Elon Musk’s acquisition of Twitter as a key part of Tesla’s declining stock price. No one can predict how far Tesla stock will fall or if we will see it rebound in 2023.