Thursday, April 18, 2024

Tesla Stock Hits New Low Price Today as Twitter Mania Continues for Elon Musk


I have no doubt Elon Musk knows a lot more about business things than I do. After all he paid $44 billion for Twitter and wrecked it over night.

Now the stock of his main company, Tesla, has dropped to a new low today– $137. The 52 week high was $402.67. So that means if you have a lot of Tesla stock you will be eating cat food this winter. (I recommend Science Diet, but Purina is good if you’re into fast food. Also, I’ve heard Rachael Ray’s pet food is tasty.)

Every hour of every day there’s a new outrageous post from Musk which leads to outrage on Twitter. This morning or last night he denounced Massachusetts senator Elizabeth Warren. A slew of celebrities have left Twitter, and everyone’s fighting over linking to the new platforms like Mastadon and Post. Plus, there’s the whole banning of critical journalists.

So if Musk is so smart, why is he doing all this? None of it makes sense. But that’s what we said about Trump and Kanye West. Maybe it doesn’t have to make sense. It’s just a disaster.

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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