Automotive giant Tesla, Inc. (TSLA) CEO Elon Musk and Twitter, Inc. (TWTR) are currently involved in a lawsuit, with Musk trying to get out of his agreement to acquire Twitter. The trial is set to begin on October 17, 2022, and with the momentum being with TWTR, Musk may need to sell more shares to TSLA to complete the acquisition, thereby increasing the potential downside risk for the stock.
Furthermore, yesterday, a fire broke out in the recycling plant of TSLA’s Gigafactory in Berlin. This comes roughly a week after a TSLA megapack battery installed at the storage facility of Pacific Gas & Electric Co (PCG) caught fire, leading to the disconnection of the facility from the grid.
