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Axios
Axios
Business

Tesla stock walloped as investors punish a distracted Musk

Tesla Inc. Elon Musk Twitter Inc.

Tesla's stock plunged by 9% on Tuesday, poised to end 2022 on a grim note after having shed over 70% of value this year.

Why it matters: Investors are expressing dissatisfaction with Elon Musk by punishing Tesla's shares, with the billionaire distracted by his tumultuous buyout of Twitter.

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