Despite its records, why Tesla is attacked from all sides

2022 is, in a way, the year of Elon Musk. But if he made headlines for his acquisition of Twitter for 44 billion dollars at the end of October, the success of SpaceX’s astronautical launchers and the boom in Tesla sales, the brilliant and temperamental boss suffered many disappointments. So Tesla has lost two-thirds of its stock market value by 2022, a victim of fears over demand for electric cars, the end of easy money on Wall Street, but also difficulties in uncertain outcome of the social network.

On the one hand, the multi-billionaire sold several billion dollars of Tesla shares to finance the acquisition and then the operating costs of his new toy, selling another 3.6 billion in early December. And this, while he said in the spring that he had no intention of selling any more. Elon Musk also brought the social network into turmoil, firing half of its employees. Suddenly, “Musk has lost all credibility in the investment community,” said Dan Ives, analyst at Wedbush Securities. It has become “unreliable” to evaluate Tesla without considering Twitter’s erratic management, outbids Colin Rusch, of Oppenheimer.

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