The Clap
Tesla’s (NASDAQ: TSLA) stock dropped 16% during the week as Musk continues to be caught in the midst of controversy.
The Deets
Tesla reported lower-than-expected deliveries for Q3 2022 as inflation, organizational changes, and issues in new factories affected the quarterly performance.
Musk also discussed how the Russia-Ukraine war should be resolved, sparking debates.
In addition to that, Musk decided to proceed with the Twitter acquisition, a deal he was trying to get out of for months.
Why this Matters
The past week proved to be a “very intense 7 days”, with several factors affecting Tesla’s stock.
What Now
Musk may have to sell more of his Tesla shares in order to finance the Twitter acquisition after Tesla reports its earnings on Oct. 19.