[국제]Tesla stock price ‘endless decline’ at lowest level in two years

Despite Elon Musk’s Twitter management controversy, Tesla stock continued to fall, hitting its lowest level in two years.

Amid growing questions about Musk’s leadership and ability as CEO, dissonance with investors also erupted, such as mocking Tesla’s famous investors that Musk complained about.

According to Bloomberg News, etc., when Ross Gerber, the founder of asset management company Gerber Kawasaki and a long-term investor in Tesla, emphasized the need for a major change while commenting on Tesla’s lack of leadership, Musk posted a tweet mocking him. .

Gerber tweeted, “Tesla stock now reflects the value of the CEO’s absence,” and said, “It’s time for a major overhaul.”

He pointed out that Tesla needs a Musk return plan, a CEO succession plan, a media relations team, and the need to communicate with investors regarding the sale of Musk’s stock.

In response, Musk quipped, “Go home and read an old stock analysis textbook.”

Tesla’s share price plunged 8.1% to close at $137.80, the lowest level in two years, as analysts lowered their target stock one after another as they worried about Musk’s ‘Twitter all-in’.

YTN Kim Tae-hyun (kimth@ytn.co.kr)

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