News JVTech Elon Musk is destroying Tesla because of his stupid tweets
Elon Musk, Elon Musk, Elon Musk, everyone has been talking about this name for a few months now, and the takeover of Twitter really hasn’t helped. The billionaire is used to being provocative on the social network, but actions have consequences.
Elon Musk can’t stop tweeting…
Since multi-billionaire Elon Musk’s takeover of Twitter, there has been panic. The group sees its workforce cut in half and many mistakes appear. Elon obviously does not know which way to take the direction of a social network.
Although the man is the creator of several well-known companies, his numerous interventions begin to bring out the part of the tyrannical leader in him who swears only by money. In fact, Tesla employees have already complained about their boss’ very dry methods. Yes, Elon Musk is known for forcing his employees to sleep in the office and for preventing remote work as much as possible.
And for once, managing a social network is completely different from a car or rocket company. Communication is even more emphasized, especially since Elon Musk is eagerly awaited with every release on Twitter.
This is the case with Elon’s post, which corresponds to Dmirty Medvedev, deputy of the Russian Security Council, who explains his own predictions about the future of the Western world.
These are absolutely the most absurd predictions I have ever heard, while also showing a stunning lack of awareness of the advances in artificial intelligence and sustainable energy.
— Elon Musk (@elonmusk) 27 December 2022
With a simple tweet, Elon Musk angered the market and sent Tesla stock plummeting 11.4%. Elon Musk has a tendency to “talk too much” with more than questionable opinions while censoring many accounts that disagree with him. A shame for a carrier of “free speech”.
Tesla in (almost) free fall
Tesla’s stock price has literally halved since the Twitter takeover last October. Although the connections may not be apparent at first glance, the billionaire’s positions are starting to genuinely scare investors.
Of course, the huge growth during the Covid period, the fallout after the lockdown and Chinese competition in the car market did not help. There is also talk of numerous shortages of electronic components needed for the design of FSD 4.0 (Full Self Driving) chips by TSMC, which has slowed down significantly during this year 2022.
Although the year 2023 should show us increasing numbers on the electronic part, it is necessary to believe that the various interventions of Mr. Musk on Twitter, causing real financial consequences for his company.
As a reminder, Tesla stock rose to $400 in November 2021 from $109 this week. A loss of speed for the car company, which should find solace during this year, hoping that Elon Musk does not himself cause the fall of his empire.
Currently, Elon Musk remains a strong personality at the moment, although many fans of the entrepreneur are beginning to take a step back from the positions and conspiratorial tendencies of the “self-made man”.