Reported about 2 months ago
Twitter, now X, faces a staggering 84% revenue decline since Elon Musk's acquisition, raising fears he may need to sell more Tesla stock to cover the losses. This potential sell-off could negatively impact Tesla's stock value, alarmingly reminiscent of past price drops following significant stock sales by Musk. Investors are worried that further liquidation of Tesla shares might be necessary as Musk navigates the financial fallout from X's troubled performance.
Source: YAHOO