How the Twitter deal affected Musk and Tesla’s fortunes, by the digits

$500 billion: Loss in Tesla’s market cap since the Twitter deal

$19 billion: Value of Tesla shares Musk has sold since April, likely to finance the Twitter deal


$70 billion: Drop in Musk’s wealth since he first announced the Twitter purchase in April

$340 billion: Musk’s net worth at his peak in November 2021, when Tesla’s stock price hit a record of $414.50 a share


14.3%: Musk’s remaining stake in Tesla

446 million: Tesla shares Musk owns

$86.95 billion: Value of Tesla shares Musk owns

Charted: Tesla’s share price has fallen nearly 50% in the past year


Is Musk sacrificing Tesla for Twitter?

Musk financed the Twitter acquisition partly through bank loans and partly through cash derived from selling some of its Tesla shares. He told Twitter staff that his latest $4 billion sale of Tesla shares in early November was a bid to “save” the social network. And if dipping into the Tesla treasure chest wasn’t ruffling enough feathers, bankers are now mulling new margin loans tied to the Tesla stock to ease $3 billion of the $13 billion high-interest debt Musk took on to finance the $44 billion deal.


Plus, he’s helped himself to Tesla’s manpower, bringing 50 employees over to work on Twitter (they were volunteers, according to Musk). While they account for a tiny fraction of the 100,000 people hired by Tesla and its subsidiaries, these moves make Twitter seem like the bigger priority.

“It’s almost like he’s abandoned us in favor of his new mission,” Tesla investor Trevor Goodman, who told Bloomberg he recently sold shares worth $30,000 after getting fed up with Musk’s Twitter drama. “When he announced he was going to purchase Twitter, I was totally against it because it’s a distraction from Tesla and everything he’s trying to accomplish there.”


These concerns are only increasing as Musk is seemingly dedicating immense time and energy towards the Twitter overhaul. He said he’d be sleeping at the company’s San Francisco headquarters until the organization is “fixed.”

Musk claims he has “Tesla covered too,” but investors are still worried. A growing chorus of retail investors, who make up 42% of the shareholding, is demanding answers but struggling to get any. KoGuan Leo—the third-largest shareholder in the company—tweeted that the “Tesla board is missing in action (MIA)!” on Dec. 7. Another one, Brandon Smith, said investors are talking “into a black void. No responses. No action against FUD (Fear, uncertainty and doubt) or rumor. Nothing. No proactive action. Silence.”


Meanwhile, Tesla’s laundry list of complaints is growing, including millions of recalls around the world, weakening demand in China, and chaos at its understaffed German gigafactory.

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