"Macroeconomic factors" collapsed the value of Tesla shares by 8% in one day - securities have fallen three times since the beginning of the year

Since the beginning of the year, Tesla's share price has already fallen by 65%. Another collapse was recorded the day before, but Elon Musk has already found an excuse.

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Right now the securities of all electric car manufacturers are cheapening, but Tesla is the sad leader. Its stock is worth $138, about three times cheaper than at the beginning of the year. The only good thing about this situation is that in 10 days, the new year will start, and the countdown will start all over again.

On Tuesday, December 20, Elon Musk's stock dropped another 8%. One security is now worth $138. The last time that happened was 25 months ago. Investor Ross Gerber, that this situation is due to the lack of a real CEO of the company. It's another reference to Musk's heavy reliance on Twitter after he took over at the end of October.

Major investors have long expressed their dissatisfaction with the fact that the head of the company is engaged in solving the problems of the social network and does not appear in the Tesla office. Musk himself said that the fall in shares was caused by some "macroeconomic factors". Also the eccentric billionaire offered investors to share ideas to improve the situation.

It is possible that soon Elon Musk will spend more time in the Tesla office. Now he is looking for a silly person who will agree to become the CEO of Twitter.

Source: CNBC