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Author Topic: Tesla’s stock prices dropping fast  (Read 456 times)
Argoo
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December 19, 2022, 07:42:41 PM
 #61

Tesla’s stock prices have seen a decline of about 20% in the last two months following his purchase of the social media app twitter.

It’s clear to me at least that his recent acquisition and handling of the social media app has in a way, contributed to the decline in the stock price of his automobile company.

https://www.ibtimes.com/tesla-stock-price-has-plunged-28-since-elon-musks-twitter-takeover-3646963
It is unlikely that in this case there is a relationship between the fall in the price of Tesla's stock and the recent acquisition of the social network Twitter by Elon Musk. The reason for the fall in Tesla shares must be sought in the activities of the company itself. It is possible that this is a seasonal price fluctuation, as we see in the cryptocurrency market. It is possible that demand for Tesla products is falling due to the upcoming Christmas and New Year holidays. Buyers of electric cars are more interested in the car itself than Elon Musk's social activities.

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