Tesla shares have fallen to their lowest levels in more than two years as investors complain CEO Elon Musk is more interested in Twitter than the electric car company.
Tesla shares have fallen to their lowest levels in more than two years as investors complain CEO Elon Musk is more interested in Twitter than the electric car company.
The company is among the worst performers in the automotive and tech sectors this year, as investors fear Musk could offload more shares in the company to prop up the struggling social media platform.
Investors are also concerned Musk’s antics could hurt brand and sales of Tesla, as the electric car company starts to face more competition in the sector.
This all comes on the back of Twitter banning an account that tracked Musk’s private jet.
@ElonJet used flight tracking information to tweet every time Musk plane took off and landed, putting out alerts.
The account operated by Jack Sweeney had accumulated half a million followers.
Musk said in a tweet in November that his commitment to free speech “extends even to not banning the account following my plane, even though that is a direct personal safety risk”.
