Tesla shares hit 17-month low as investors worry Elon Musk is addicted to Twitter

The hype around the purchase of Twitter by Elon Musk (Elon Musk) negatively affected another company of the American

billionaire.

What is known

Naturally, we are talking about the automakerTesla, whose shares have been updated for at least 17 months. At the end of trading on November 7, 2022, the price of one share was $197.08, taking into account a fall of 5%.

Tesla stocks fell several times in 2022. But since the purchase of Twitter (the deal was completed on October 27), the value has already fallen by 12%, and the NASDAQ 100 index has decreased by almost 2%.

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Investors are worried that Elon Musk is toostrongly addicted to the problems (sometimes far-fetched) of the social network. They [investors] want the businessman not to scatter on side projects and focus on the affairs of Tesla, which is now going through, to put it mildly, not the best period.