Tuesday, June 30, 2026

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

Share

★ Make Showbiz411 your Preferred Source on Google

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.

Donate to Showbiz411.com

Showbiz411 is now in its 13th year of providing breaking and exclusive entertainment news. This is an independent site, unlike the many Hollywood trades that are owned by one company. To continue providing news that takes a fresh look at what's going on in movies, music, theater, etc, advertising is our basis. Reader donations would be greatly appreciated, too. They are just another facet of keeping fact based journalism alive.
Thank you


Roger Friedman
Roger Friedman
Roger Friedman is the founder and editor-in-chief of Showbiz411. He wrote the FOX411 column on FoxNews.com from 1999 to 2009, where he covered Michael Jackson, and previously wrote the "Intelligencer" column at New York magazine in the mid-1990s, where he covered the O.J. Simpson trial. He also edited Fame magazine. His bylines have appeared in The New York Times, The Washington Post, the New York Daily News, the New York Post, Vogue, Details, and the Miami Herald. He is a voting member of the Critics Choice Awards (Film and Television branches), and his movie reviews are tracked by Rotten Tomatoes. With D.A. Pennebaker and Chris Hegedus, he co-produced the 2002 documentary "Only the Strong Survive," which screened at Directors' Fortnight at the Cannes Film Festival.

Read more

In Other News