Tesla Stock Is Plunging. It’s Probably Musk’s Twitter This Time.

Feb 24, 2022

Tesla Stock Is Plunging. It’s Probably Musk’s Twitter This Time.

Recent drops in Tesla equities have gone against market patterns, leaving investors questioning whether anything else is going on with the company's stock.

Tesla's shares fell 7% on Wednesday. Stocks were down more than 17% over the past week going into Thursday trading, a steeper decline than the entire market. The Nasdaq Composite and Russell 1000 Growth Index are down around 8% during the same period. Worries over the Ukraine conflict and the Fed's tightening monetary policy have impacted the equity market.

However, something else seems to be causing investors concern. Elon Musk, CEO of Tesla, seems to have chosen yet another battle with the Securities and Exchange Commission. Musk is venting his rage on Twitter, where he has over 74 million followers.

Musk replied on Tuesday to a tweet that referred to an article alleging that the SEC leaked details about the inquiry of Tesla's Chief Executive. Musk commented that this is only "the first layer of the corruption onion."

Musk's tweet comes just days after his lawyer said the SEC "is out to retaliate against my clients for exercising their First Amendment rights" in a letter to the US Southern District of New York Judge Alison Nathan. Musk then turned to Twitter again on Wednesday, stating he didn't begin the battle with the Commission but that he would end it. He also used the word "Exactly" in response to another post that implied the SEC was colluding with hedge firms.

The Commission did not respond to the tweets. Tesla declined to comment on the request.

"Musk's antics are worrying for investors in a risk-off environment," Wedbush analyst Dan Ives said. "The SEC problem is an overhang, but Musk has ultimately caused this predicament himself with his lack of situational awareness with the first conflict in Europe since World War II and investor concern at an all-time high." Ives is a Tesla bull, with a Buy recommendation on the stock. His price target for the stock is $1,400 per share.

Investors dislike diversions. The problems with Musk, Twitter, and the SEC lie precisely in this. Tesla shares were down 3.4% in early Thursday trade, selling at about $738 per share. The S&P 500 dropped 2% as markets throughout the globe reacted to Russia's invasion of Ukraine.

Subscribe Our Newsletter

Bitcoin New High

Nato

Bitcoin New High of $70K Amid Market Optimism and Spot ETF Inflows 

Buckle up, crypto enthusiasts! Bitcoin has just reached a new high, surpassing $70,000 for the first time in over four months.

Crypto
MicroStrategy Stock All Time High: Reasons Behind it

Oto

MicroStrategy Stock All Time High: The Increase Powered By Bitcoin’s Latest Rally

MicroStrategy stock hits all time high, driven by significant Bitcoin acquisitions and increased investor confidence.

Stocks
B2BROKER Liquidity B2BROKER Liquidity
Sponsored
Alexander

Roth IRA Guide: What It Is and What You Need to Know.
Are you looking to invest in a way that will help you save for retirement? A Roth IRA account may be the answer.

discover
How to Invest in Stocks: A Beginner’s Guide

Anna

How to Invest in Stocks: A Beginner’s Guide

Making the first steps in the stock market with so many investment options can be challenging. However, purchasing stocks can be a powerful tool to make much of your investments.

Investing
Contact us bg

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Successful!
    Thank you for your request.
    We will contact you shortly.
    Close

    Сonstantine

    Best Crypto to Buy Now: Guide for Investors

    Best Crypto To Buy Now

    Hazem

    Grok vs ChatGPT: What’s the Best AI Assistant You Need in 2025

    Grok vs ChatGPT

    Сonstantine

    How to Choose the Right Liquidity Provider for Your Brokerage

    How to Choose the Right Liquidity Provider for Your Brokerage

    Сonstantine

    Low-Latency Trading Defined: Speed, Strategy and Technology

    Low-Latency Trading Explained

    Hazem

    How Liquidity Depth Affects Slippage in High-Volume Trading

    Liquidity depth and slippage in trading

    Hazem

    What is FIX API Liquidity Connection and How Does it Power Institutional Trading?

    FIX API in institutional trading

    Сonstantine

    OTC Trading Strategies and Technologies to Succeed in Over-the-Counter Markets

    OTC Trading Strategies

    Alexander

    What is OTC Trading? A Complete Guide for 2025

    what is OTC

    Alexander

    Synthetic Futures: A Trader’s Guide to Replicating Positions with Options

    How to Trade Synthetic Futures

    Сonstantine

    Order Book Depth: What It Is And Why It Matters?

    Order Book Depth What It is And Why It Matters

    Alexander

    Spot vs Perpetual Futures: Which Is Right for You?

    Spot vs Perpetual Futures explained

    Hazem

    5 Reasons Traders Are Switching to Perpetual Futures

    5 Reasons to Switch to Perpetual Futures

    Constantine

    Top 3 Liquidity Challenges Facing New Exchanges and How to Solve Them

    Top 3 Liquidity Challenges Facing New Exchanges Today

    Constantine

    Financial Planning in the Cryptocurrency Era — Master Crypto and Digital Asset Strategies

    Financial Planning in the Cryptocurrency Era

    Hazem

    Best Platforms to Trade Perpetual Futures in 2025

    Best platforms to trade perpetual futures in 2025

    Alex

    Top 10 Fintech Website Development Agencies for 2025

    Best Fintech Website Development Agencies for 2025

    Сonstantine

    Internal vs External Range Liquidity In ICT Trading Explained

    Internal vs External Range Liquidity In ICT Trading

    Constantine

    Portfolio Backtesting — Tools, Metrics, and Methods Explained

    Portfolio Backtesting

    Сonstantine

    ICT Trading Explained: Smart Money Concepts, Tools and Setups

    ICT Trading Explained

    Сonstantine

    CFD Trading Strategies: A Practical Guide to Risk and Execution

    CFD Trading Strategies

    Alexander

    What is a Fair Value Gap? A Guide to Trading Market Imbalances

    What is Fair Value Gap

    Vitaliy

    Triangle Patterns in Trading: Mastering Ascending, Descending & Symmetrical Strategies for Maximum Profit

    Triangle Patterns in Trading: Ascending, Descending & Symmetrical Guide

    Alexander

    What Is COTI? Payments, Token & Price Prediction

    What is a COTI coin

    Constantine

    Best Copy Trading Software in 2025

    Best Copy Trading Software in 2025
    liquidity-provider-logo
    • News
      • Stock Market Forecast
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
      • AI
      • Technology
      • DeFi
      • NFT
    • Articles
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
      • Blockchain
      • Investing
      • NFT
      • DeFi
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
      • White Label Brokerage Platforms
      • Broker CRM Platforms
    [email protected]

    © 2024 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy
    This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.