Wednesday, June 19, 2024

Tesla Stock Price Starts the New Year in Short Circuit with Shipping, Inventory and Twitter Causing New Lows


It’s just not a great time for Elon Musk.

Twitter kicked off 2023 dropping $15.08 to $108.10. It could have been worse: the low for the day was $104.64.

Today’s drop was 12.24%, the average daily drop for Tesla in the last couple of weeks.

The company has shipping and inventory problems, yes. But the ongoing Twitter conflicts don’t help the situation. Meanwhile, Musk remains up beat on Twitter. I’d like his happy pills!

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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