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_Is_Down_17

Alexander

Bitcoin is Down 17% in 24 Hours. Things aren’t Going Well for the Crypto Market

The whole crypto industry plummets 12.3% in 24 hours on the back of concerns about the viability of cryptocurrency companies.

Crypto
India's Forex Reserves Will Rise Sharply This Week
India’s Forex Reserves Will Rise Sharply This Week

When the Reserve Bank of India announces its foreign exchange reserves statistics, India's foreign exchange reserves will climb dramatically.

Forex
Get the ultimate solution: B2BinPay Get the ultimate solution: B2BinPay
Sponsored
Constantine

Top AI Companies to Invest in April 2025
Discover the top AI companies to invest in March 2025. Explore the best AI stocks, market trends, and key factors for smart AI stock investments.

discover
Megaphone Pattern​: How to Read & Trade with It

Hazem

Megaphone Pattern​: What Is It? How to Use It In Trading

The megaphone pattern usually happens when prices swing on both ends, especially in crypto trading and volatile markets. Here’s how you can use it.

Trading
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

    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

    Alex

    What Is an AI Agent? The Future of Finance Explained

    AI Agent Explained

    Constantine

    How to Start a Liquidity Provider Business?

    How to Start a Liquidity Provider Business

    Constantine

    How to Start a White Label Brokerage?

    How to start a white label brokerage

    Constantine

    How to Start a Multi-Asset Brokerage?

    How to Start a Multi-Asset Brokerage

    Hazem

    Crypto Ransomware – How They Happen and How to Avoid Them

    Crypto ransomware explained

    Constantine

    Best Web3 Browsers in 2025

    Best Web3 Browsers

    Constantine

    Best DAO Projects in 2025

    Best DAO projects in 2025

    Alexander

    Crypto Nodes That Pay: Your 2025 Guide to Top Passive Income Opportunities in Crypto

    crypto nodes that pay

    Alex

    Pi Network: Scam or Groundbreaking Crypto? The Full Analysis

    Pi Network Explained

    Constantine

    Triple Net Lease: Meaning, Benefits, and Strategies Explained

    Triple Net Lease

    Constantine

    Hanging Man Pattern: How to Identify and Trade It Effectively

    Hanging Man Pattern

    Alex

    5 Infinite Banking Mistakes That Could Cost You Thousands

    Infinite Banking Mistakes to Avoid

    Aleksander

    Solana Firedancer: Solving Solana’s Biggest Problems with a New Engine

    Solana Firedancer explained

    Alexander

    What Is an Interest Coverage Ratio? How to Use This Financial Metric to Evaluate Company Health

    Interest Coverage Ratio Explained

    Hazem

    After-Hours Trading: Can You Trade After Financial Markets Close?

    After-Hours Trading Explained

    Alexander

    How to Scale a Crypto Exchange Business and Stay Competitive

    how to scale crypto exchange business
    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.