Twitter deal: Did it negatively affect Tesla?!‎

Shares of US electric car maker Tesla rebounded from a two-year low, at the end of last week’s trading, amid a sharp decline in Treasury yields, compensating for moves by analyst Dan Ives of Wedbush Securities, who removed the electric car maker from His “best” list.

The most difficult months:

Ives said Tesla investors will face “a very tough few months” awaiting Tesla’s fourth-quarter delivery numbers as Tesla CEO Elon Musk focuses his attention on Twitter and a myriad of issues, and a money market analyst lowered his price target. Shares in Tesla increased by $50, to $250 per share, while maintaining the rating, “in a scathing note that included specific attacks on Musk’s recent social media ambitions.”

“This whole Twitter circus needs to stop…it’s hurting the image of the Tesla brand,” analyst Dan Ives said Thursday.

black comedy

And he warned in what he called a “black comedy” of the impact of what is going on in Twitter on Tesla’s stock and on the brand, pointing out that Tesla’s stock has fallen by 25% since the Twitter deal was closed. Pointing out that “the most worrying thing is that the “money” situation on Twitter will never end and will continue to drain money, time and attention from Musk instead of focusing on Tesla.”

Light at the end of the tunnel:

Ives said the long-term bullish outlook for Tesla remains broadly unchanged because we believe the demand for electric vehicles and the production story is still in the early days as part of a major transformation in the automotive world.

stock sales:

Musk has sold $3.95 billion in Tesla stock since completing the Twitter purchase late last month, according to news reports.

According to CNN, Musk’s sales of Tesla stock, totaling 19.5 million shares, have been widely expected since the Tesla CEO reached a deal to buy Twitter for $44 billion. Musk sold a batch of Tesla shares worth a total of $15.4 billion earlier this year since his deal to buy Twitter was announced.