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The Musk's Makeover As Tesla Market Cap Falls

Tesla EV Market Shares Predicted to Decline by 2025, Due to More Affordable  Options - Tekedia

The failing Tesla stock is pushing Elon Musk to change strategy, notes LinkedIn News: "In an attempt to quell some concerns from investors over his purchase of Twitter, Tesla CEO Elon Musk says he will pause selling shares of the electric-vehicle company for a minimum of 18 to 24 months. Musk also said that a buyback of Tesla stock would depend on the severity of a potential recession. Tesla's stock has fallen 60% this year, with investors worried that Musk's takeover of Twitter — which he purchased in October for $44 billion — has been a distraction.

  • Musk has previously sold Tesla stock after pledging not to do so, according to The Wall Street Journal.
  • Musk recently announced that he would resign as CEO of Twitter once a successor was identified."