The share price of US electric car company Tesla has plummeted more than 35% since the company’s billionaire president Elon Musk took control of Twitter last week in a purchase deal worth about $ 44. billions of dollars, according to an American news network.
And CNBC, which specializes in financial news, indicated that Tesla’s shares continued to decline throughout the week and fell 3.5% on Friday.
The network indicated in a report today that the drop in the share of the world’s largest electric car manufacturer in one week was roughly double the drop in the “Nasdaq” index of US stocks in the New York market. York, which amounted to about 18% over the same period.
Musk, the richest person in the world, first announced that he agreed to buy Twitter on April 25, when Tesla stock closed at $ 332.67, according to the network, which reported that the share price has closed Friday at $ 207.47.
The network pointed out that Musk’s ownership of “Twitter”, in addition to posting tweets deemed offensive, has prompted some companies to stop posting their ads on the network, adding that it is not yet clear how this will affect Tesla for long. term.
The network indicated that “Tesla” has long relied on “Twitter” and Musk’s followers to spread information to shareholders, while Musk uses it to promote all of his companies and products.
“Mask often inspires fans to join him on Twitter by attacking alleged enemies such as officials and regulators such as the Securities and Exchange Commission, journalists and car safety advocates who are seen as staunch critics of Tesla,” the report said.
Musk, who has a fortune of over $ 200 billion, decided on Friday to lay off nearly 3,700 employees, which is about half of Twitter’s total workforce.
