Tesla shares dropped about 10% on Tuesday, signaling concerns about Elon Musk stretching himself too thin after his proposed deal for Twitter. Since the first news of a possible Twitter deal, Tesla shares have lost more than 8%.
Tesla Inc. shares dropped about 10% on Tuesday, signaling concerns about Elon Musk stretching himself too thin after his proposed deal for Twitter Inc.
Tesla stock was on pace for its lowest close in nearly six weeks, and its largest one-day percentage decline since Jan. 27, when it fell nearly 12%. That is unlikely to be a problem based on what Musk has been able to do in the past, but “I can see where shareholders would say, ‘how can he manage all the stuff that’s on his plate?’ That’s what I think people are concerned about.”“We think if anyone can juggle these companies, it’s Elon,” said Garrett Nelson, an analyst at CFRA.
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