Thursday, June 20, 2024

Tesla Stock at Two Year Low As Musk’s Twitter Project Devolves into Hourly Chaos


Two years ago this month, Tesla stock was selling at $195. In January 2022, it was at $400. Today, it’s at $187 and falling fast.

Elon Musk’s Twitter project is turning into a disaster. There seems to be hourly chaos. It reminds me of a Kanye West meltdown.

Musk has been busy in the last day advising his followers to vote for a Republican congress, announcing an $8 charge for the Twitter Verified check mark, and banning accounts that parody him. The result is he’s being mocked everywhere, by everyone, all the time.

Meantime, Musk Tweeted in the last hour: “While it’s true that I’ve been under unfair & misleading attack for some time by leading Democrats, my motivation here is for centrist governance, which matches the interests of most Americans” He also insisted Twitter usage is at an all time high. “I hope the servers don’t melt!”

It’s a strange turn of events because Tesla investors have obviously gotten the message. What’s more, potential Tesla customers may now be looking at other electric cars — and there are plenty to choose from.

Roger Friedman
Roger Friedman
Roger Friedman began his Showbiz411 column in April 2009 after 10 years with Fox News, where he created the Fox411 column. His movie reviews are carried by Rotten Tomatoes, and he is a member of both the movie and TV branches of the Critics Choice Awards. His articles have appeared in dozens of publications over the years including New York Magazine, where he wrote the Intelligencer column in the mid 90s and covered the OJ Simpson trial, and Fox News (when it wasn't so crazy) where he covered Michael Jackson. He is also the writer and co-producer of "Only the Strong Survive," a selection of the Cannes, Sundance, and Telluride Film festivals, directed by DA Pennebaker and Chris Hegedus.

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