Tesla (US.TSLA) Stock Sinks After Twitter Deal - 27 aprilie 2022

Tesla’s shares had been outperforming the broader market before Mr. Musk disclosed his stake in Twitter. The shares had risen about 2% year-to date through the end of March, while the S&P 500 had fallen around 5% and other hot technology stocks had tumbled even more. The shares also got a boost last week when Tesla reported record quarterly profits, managing to wow investors despite supply chain bottlenecks and disruptions in China. 

Recently, things have turned. Tuesday’s losses have dragged the stock down around 17% for the year, compared with the broader market’s roughly 12% decline. Tesla has also faced growing competition. Ford Motor Co. ’s first all-electric F-150 pickup truck is rolling off the assembly line Tuesday, pushing the company’s move toward electrification. Shares of other electric-vehicle makers slid as well. Rivian Automotive Inc.’s shares lost almost 10%, while Lucid Group tumbled 8.7%.

https://www.wsj.com/articles/tesla-stock-sinks-after-twitter-deal-11650994529

https://finance.yahoo.com/news/tesla-pace-lose-100-billion-172559241.html