How Worried Should Tesla Shareholders Be After Latest Stock Crash?

screenrant.com:

Tesla shares have plunged dramatically in the wake of Elon Musk’s blockbuster Twitter acquisition, wiping out nearly $114 billion from the company’s market cap. While the drop is massive, it is not hard to fathom why this is happening. Ever since Twitter accepted Musk’s “best and final” offer of selling the company at $54.20 per share, there was almost an instantaneous wave of speculation regarding his ability to run a social media platform that was never a Wall Street darling in the first place. But more than Twitter’s bleak financial forecasts and the doldrum state of its ad business, a major concern is whether Musk can still discharge his Tesla duties effectively while adding another company to his portfolio.

Aside from leading Tesla, Musk is currently the head of SpaceX, the world’s largest private space transportation company. Neuralink wants to usher in a new age of human-machine neural interface under Musk’s leadership, while The Boring Company has revived its Hyperloop dreams. SpaceX is also entering a new business avenue after inking deals with JSX and Hawaiian Airlines to commercially provide low-latency in-flight Wi-Fi services via its Starlink satellites in the low-Earth orbit. Needless to say, Musk’s itinerary as a leader is jampacked, and adding Twitter – with all its social media problems in tow – is simply an open invitation to corporate spillover. Plus, press coverage regarding Musk’s Twitter takeover hasn’t really been forgiving.

Related: What Does Musk's Twitter Purchase Mean For Trump's Truth Social?

And it appears that Tesla investors are going to feel the sting of all that uncertainty and unending waves of speculation. According to a report from The Washington Post, the share price of Tesla plunged