As Elon Musk remains embroiled in Twitter antics, investors are dumping Tesla stock, which has shed about 62% since its high in November 2021.
More than half of respondents backed a departure. [pointed to the Federal Reserve](https://markets.businessinsider.com/news/stocks/elon-musk-tesla-stock-price-federal-reserve-interest-rates-hikes-2022-12?utm_medium=ingest&utm_source=markets&utm_medium=ingest&utm_source=markets) as a reason for his car company's $600 billion plunge in market value this year. [Musk posted a Twitter poll](https://markets.businessinsider.com/news/stocks/tesla-stock-twitter-elon-musk-poll-ceo-stock-market-news-2022-12?utm_medium=ingest&utm_source=markets) on Sunday asking whether people wanted him to step down as Twitter CEO. [involvement at Twitter](https://markets.businessinsider.com/news/stocks/tesla-stock-twitter-elon-musk-poll-ceo-stock-market-news-2022-12?utm_medium=ingest&utm_source=markets), which some shareholders have warned is [damaging Tesla's stock price](https://markets.businessinsider.com/news/stocks/elon-musk-criticisms-twitter-stock-sales-tesla-investor-issues-complaints-2022-12?utm_medium=ingest&utm_source=markets&utm_medium=ingest&utm_source=markets), the company is also facing manufacturing headwinds in China amid uncertain COVID-19 reopening plans. [Tesla](https://markets.businessinsider.com/stocks/tsla-stock?utm_medium=ingest&utm_source=markets) stock is enduring its worst sell-off since it debuted in public markets in 2010. - Shares of Tesla are down 62% since their peak in November 2021, marking the company's largest drawdown since it went public in 2010.
Tesla investors want to recover the $230 billion in market value that has evaporated since Elon Musk took control of Twitter. Musk's past controversies may ...
[incident](https://www.wsj.com/articles/elon-musk-says-pedophile-accusation-against-british-man-was-protected-speech-11545938184) and “funding secured” [tweet](https://www.barrons.com/articles/3-reasons-elon-musk-would-want-to-take-tesla-private-1533666678?mod=article_inline), both in 2018; Tesla’s early 2021 [Bitcoin purchase](https://www.barrons.com/articles/tesla-drops-a-bitcoin-bombshell-with-1-5-billion-purchase-51612791738?mod=article_inline); Musk’s late 2021 [stock sales](https://www.barrons.com/articles/elon-musk-interview-tesla-tsla-stock-51640170662?mod=article_inline); and, of course, Musk’s recent [Twitter purchase](https://www.barrons.com/articles/elon-musk-twitter-tesla-stock-threat-51667599781?mod=article_inline). ](https://www.barrons.com/market-data/stocks/tsla) [purchase](https://www.barrons.com/articles/elon-musk-risking-billions-twitter-legacy-51667501976?mod=article_inline) and subsequent running of Twitter isn’t the first thing he’s done to draw non-fundamental concern from
Tesla shares moved higher as a poll suggested CEO Elon Musk might step down from his recent role as head of Twitter. Madrigal Pharmaceuticals released favorable ...
Even among promising candidates, safety considerations including a lack of tolerability with other drugs have prevented approval by the Food and Drug Administration (FDA) in the past. And yet another, less familiar stock captured Wall Street's attention, as Madrigal Pharmaceuticals ( [MDGL](/quote/nasdaq/mdgl/) 2.29%) more than tripled in value. There have also been discussions about the Tesla CEO potentially needing to put up more collateral to secure loans that have Tesla shares as collateral. Shares of Tesla were up about 2% near the market open on Monday morning. The Nasdaq Composite ( [TSLA](/quote/nasdaq/tsla/) -5.32%), but its shares moved higher as investors parsed through the latest happenings concerning its electric vehicle business and its chief executive.
Oppenheimer analyst downgrades Tesla stock, arguing 'the combination of Twitter's unclear cash needs and diminishing options' can no longer be separated ...
Tesla shares have struggled since Musk agreed to acquire Twitter for $44 billion earlier this year, then sued to try to get out of the deal. Tesla shares suffered their worst week since 2020 last week, as a high-profile investor called on Musk to name a new Tesla CEO and The S&P 500 index [SPX,](/investing/index/SPX?mod=MW_story_quote)slipped 0.9% Monday and the tech-heavy Nasdaq Composite Index +0.30% [COMP,](/investing/index/COMP?mod=MW_story_quote)declined 1.5%. “The combination of Twitter’s unclear cash needs and diminishing options for Mr. Musk’s acquisition and subsequent management of Twitter now make that separation untenable,” Rusch said. [TSLA, -6.15%](/investing/stock/TSLA?mod=MW_story_quote)shares closed down 0.2% at $149.87.
Rusch, the Oppenheimer analyst, said the “inconsistent standards application” for Twitter users has helped create a “broad public backlash” against Musk that ...
Musk/TSLA, particularly people ideologically aligned with climate change mitigation,” Rusch wrote. Musk is increasingly isolated as the steward of Twitter’s finances with his user management on the platform. [Musk polled users](https://www.cnn.com/2022/12/19/tech/elon-musk-twitter-ceo-poll/index.html) on whether he should quit as Twitter CEO. [ban several journalists](https://www.cnn.com/2022/12/15/media/twitter-musk-journalists-hnk-intl/index.html), including CNN’s Donie O’Sullivan, as a catalyst for the downgrade. “We believe Mr. [ ownership and management of Twitter](https://www.cnn.com/2022/12/19/investing/elizabeth-warren-elon-musk-tesla-twitter/index.html).
Some investors are arguing that Tesla's stock price decrease is an overreaction. Tesla's (TSLA -0.24%) stock price is down big in 2022 as the electric car ...
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