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Zenger
Zenger
Shanthi Rexaline

Elon Musk’s Twitter Purchase May Have Contributed To Tesla Stock Weakness

Elon Musk Twitter Inc. Gary Black United States Benzinga Future Fund Tesla Inc. Nasdaq
Tesla, Inc. (NASDAQ:TSLA) stock’s weakness could be in part attributed to Elon Musk’s purchase of social-media platform Twitter, which he has since then renamed as X, said Tesla investor and Future Fund Managing Partner Gary Black. BENZINGA

Tesla, Inc. (NASDAQ:TSLA) stock’s weakness could be in part attributed to Elon Musk’s purchase of social-media platform Twitter, which he has since then renamed as X, said Tesla investor and Future Fund Managing Partner Gary Black.

Did Twitter Hurt Tesla? Tesla has by far been the worst-performing “Magnificent Seven” stock since Musk announced his intention to buy Twitter in April 2022, Black noted. Magnificent Seven is the collective name given to seven mega-cap U.S. tech stocks.
 

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